Your Business

 

 

Articles in this section are intended to help electrical contractors grow and improve their businesses, from financial and legal advice to creating a service and maintenance department. You’ll find articles on estimating projects and more below. 

Nothing says you have arrived more than an endorsement by a Fortune 500 corporation. In the race to capture the hearts and minds of American consumers, renewable power has arguably reached critical mass. 


Energy storage has become a hot topic, vitalized by the need to address issues related to green electrical construction, smart grid initiatives and energy independence. You won’t hear about it on the news every day (not yet, anyway).

Before I get started, I want to let you know that the following is based on my experience with three software packages. While the basic concepts are the same for most software in this category, the specifics of how they work may be different.
 Constraints


All the hype surrounding smart grid technology masks a painful reality: Change is often disruptive. While the evolution of digital technology in the energy sector hasn’t always been easy for consumers, it is equally challenging for utilities.


Lutron

More on Your Business

 
Sistine Chapel Gets A Lighting Upgrade

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The Sistine Chapel has an interesting history with light. For hundreds of years, it was primarily illuminated by candles, but the smoke left a layer of soot on the artwork, which had to be restored. Preserving Michelangelo’s masterpiece has been of prime concern.

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Federal Agencies Require Certification for Medium-Voltage Splicing
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A big change in federal construction project policy could affect electrical contractors doing that work.


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Congressional Policy Rider Bans the Ban on Incandescent Lamps
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The incandescent “ban” has returned to the Congress floor. This time, Congress passed a $1.1 trillion funding bill that would keep the federal government operating until September 2015, but the bill carried various policy provisions that affect current and upcoming laws.

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Can't We All Just Get Along?
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I have been fortunate during my career to hold the positions of estimator and project manager, both separately and at the same time. This experience has given me perspective from both sides. Unfortunately, things were not always as harmonious as they should have been.

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Editors' Pick
2015 Construction Outlook: An Economic Recovery Finds Its Footing
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Enough pauses. We are finally in the midst of a sustained recovery. Fundamentals are strong. Growth is ever steady, and momentum assuredly recovers when unexpected events such as severe weather hit.

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Tamping Down Costs
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How do companies figure the cost of doing business? The answer is complicated for electrical contractors (ECs) to track and mitigate, as the environment most operate in has shifted from a few big construction jobs to a variety of contracts and providing a plethora of services.

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Good Faith, Fair Dealing and Utility Companies
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On a $28 million infrastructure contract, a contractor suffered an $11 million loss because of high charges by the utility companies for their part of the installation. The contractor, it turned out, got no remedy in court and, therefore, no means of recouping this major loss.


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