When your looking at the management side find out what management covers. Ive seen some companies say managed when all they do is stick a control panel on and let you go!
We set up properly and make the server as secure as you can without making it unusable (dont forget the security side, its very important and can land you a big bill if not done) and monitor the server to ensure it is running properly. Also ask if they will help tweak your httpd and mysql to get the most out of your server.
Also fully managed and you having root access dont mix. This is because you could do something to the server which damages it or fully wipes it out. If you are getting root the best you can expect is semi managed.
Colin, Where are BWS servers hosted? I cant rack and power the best for power R200 for £15 a month, never mind pay for any network, hardware or support!