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. 

In January, the United States Department of Energy (DOE) announced that several of its Energy Efficiency and Renewable Energy (EERE) supported technologies won awards in R&D Magazine’s R&D 100 Awards, which the DOE called the “Oscars of Innovation.” A number of these technologies concern ele

Last month, we discussed the direct costs associated with a change order: labor, material, equipment and other miscellaneous costs directly related to the change order. Now, it’s time to look at your indirect costs, starting with overhead.
 Overhead


Mayor Bill de Blasio signs Introduction 247-A into law.

According to the New York City Council website, on March 21, Mayor Bill de Blasio enacted Introduction 247-A, a bill which amends the New York City administrative code to increase the civil and criminal penalties for performing electrical work without a license.

Electrical contractors who have built a successful business in commercial or industrial construction are quick to offer very standard explanations as to why they never pursue residential service work.


More on Your Business

 
Editors' Pick
A New Light on American History

Set on five acres next to the Washington Monument on the National Mall in Washington, D.C., is the Smithsonian Institution’s newest addition: the National Museum of African American History and Culture.


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Finger on the Pulse: Managing Inventory From Mobile Phones

Second to electricians and project managers, the most important assets on any work site are equipment and tools. But until recently, tracking them—in the warehouse, in trucks and vans, and on the job site—was a paper-, pen- and phone-based operation.


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Why Manipulate The Economy?

My September column, “America’s Money,” explained the basic structure of the Federal Reserve, including the 12 Federal Reserve Banks, Board of Governors and Federal Open Market Committee (FOMC). All checks are cleared through this system.


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Mothballs: The Ins and Outs of Extended Holds

Hundreds of jobs have been “mothballed” or put on an extended hold status. It occurs with home-renovation projects, power plants, marinas, dentists’ offices and automobile manufacturing plants, to name a few. Every case is unique, yet almost all instances eventually boil down to money issues.


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Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.
Cool Tools: Renting Tools And Equipment

These days, almost anything can be rented, and the rental industry has done a good job making consumers and business owners aware of the benefits of renting versus owning.


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Editors' Pick
Electrician to Elected Official

They say there is nothing like the satisfaction of a job well done, and electrical construction is often grueling work. It can occupy every waking moment and sap every ounce of strength.


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Rise in Construction Employment in the Last Year Though Growth is Slowing

Construction jobs are on the rise according to an analysis of Department of Labor (DOL) data released by the Associated General Contractors (AGC) of America on Oct., 21 2016. From September 2015 to September 2016, 35 states added construction jobs.


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