I may be stiring up a cat fight here... BUT...
depending on the Make, Model and Size of the UPS, the smaller ones (under 3kva) generally can get by without a 'maintenance contract' They either work, or not. When there is a failure, it's usually the battery. And depending on the cost of the UPS, sometimes it's cheaper to replace the UPS.
As far as maintenance on larger UPS systems, most modern smaller UPS systems seldom require calibrations and therefore if it works, don't fix it. I cannot and am not speaking for all UPS systems, there are some that are very elaborate in design and unfortunately require constant maintenance.
If you feel coumfortable around electricity, you can test and replace your batteries yourself when needed. Most Maintenance contracts on UPS systems DO NOT include the batteries. So where's the savings?
Unless the tech is load testing the UPS and Batteries, performing calibrations on all the protection settings (if adjustible) and actually doing something other that vacuming and just looking around, then you might be better off paying for for a time and materials service call if and when needed.
BTW, I'm a UPS Service Engineer and have been for 19 years. I'm just puting caution to the wind on these smaller type UPS systesm.
One last note, Contracted Customers do get priority service from all UPS service companies, so this alone may validate the cost of your contract.
Good Luck