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. 

The National Electrical Safety Code (NESC) Main Committee is well into the revision process for the 2017 edition, due to be published Aug. 1, 2016.


Whether they know it or not, most estimators are in the marketing business. Every time they speak to someone, they influence that person’s feelings about them and the company they work for. If estimators are rude to vendors, they may not get the best pricing.

On the afternoon of April 7, 2015, a large portion of the Washington, D.C., area and surrounding suburbs was hit by a sudden power outage.

The basic idea behind the law of contract damages is to give the nonbreaching party the money to get the performance it paid for.

Electrical Contractor Magazine

More on Your Business

 
Powering the Next Generation
| under

An energy transition with the potential to revolutionize the country's infrastructure is gaining momentum. It is not brokered through expanded power grids or traditional fossil-based economics-it is powered through fuel cells. Fuel cell development is on the upswing.

READ MORE
 
Getting from There to Here
| under

You have seen them: tall, gangling, steel structures-known as high-tension lines-that transport hundreds of kilovolts. These rights-of-way are used to safely move transmission-level bulk power from the generators to the distribution substations.

READ MORE
 
Illuminating a New Field: Electrical Contractors as Lighting Designers
| under

Ask a handful of electrical contractors how they feel about becoming active in the lighting design field and you are sure to receive a plethora of conflicting responses.

READ MORE
 
Stay out of My Business!
| under

The concept of a covenant not to compete is deceptively simple. During the course of employment, and for some time thereafter, the employee is not to compete with the employer's business within a defined geographic area.

READ MORE
 
Rewiring the Industry
| under

The electrical contracting industry's focus is shifting and expanding rapidly. Design-build jobs are making up a greater portion of industry projects and more electrical contractors are working in the installation of information transport systems (ITS).

READ MORE
 
If It Sounds Too Good to Be True...
| under

Centuries ago, investment decisions were easy. You earned money at your trade, kept your gold coins in a pouch attached to your clothing and knew exactly how much wealth you had. You worried more about survival than the economics of gold values and if you were robbed, you knew immediately.

READ MORE
 
E-Money, Cash Flow and Check 21-Part 2
| under

The “Check Clearing for the 21st Century Act” took effect on Oct. 28, 2004. Recall from last month's discussion that this act, also known as Check 21, is intended to allow for paperless processing of financial transactions.

READ MORE

Pages