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. 

Playing with the big boys


My first exposure to material pricing was in the mid-1970s when I was promoted to pricing clerk/assistant-purchasing agent at a wholesale house. My new desk was dominated by a 4-foot wide, metal-framed collection of pages called the Biddle Book, which was furnished by Trade Service Publications.

The National Electrical Contractors Association (NECA) works daily to ensure electrical contractors (ECs) have every opportunity to stay on top of the issues that affect their businesses and to be directly in touch with their senators and representatives in Congress.


Choosing a trustworthy financial adviser can be confusing and stressful. In last month’s column, we learned that researchers have not been able to find a link between financial literacy education and improved consumer decision-making.

In places such as Arizona, where utilities and the solar industry bicker over pricing and metering policies, everyone suffers. In Los Angeles, where the same policies are embraced, everyone wins as increasingly larger projects come online.


More on Your Business

 
Square D Files Lawsuit Against Counterfeit Products

Square D, the flagship brand for the Schneider Electric North American Operating Division, filed a lawsuit against Breakers Unlimited Incorporated of Noblesville, Ind.


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What Insurance Are You Buying?

Many subcontractors do not know exactly what they are purchasing when they procure insurance. It is critical for contractors to understand what their insurance covers. This knowledge is pivotal to evaluating the ultimate risks and liabilities to your business as well.


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A Little Learning ...

I interpret The adage “A little knowledge is a dangerous thing”to mean just a small amount of knowledge can lead people to do things they aren’t really qualified to do.


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Completing the Incomplete Thought

I can hear youRfrustrated cries of “Part 2? When did he write Part 1?” Well, you need to keep up. It appeared in the June 2006 issue, and it was called “Estimating Blind.” If you don’t have that issue, visit www.ECmag.com, and enter the headline in the keyword search box. OK?


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The Gray Market

To succeed in a competitive marketplace, electrical contractors must build lasting partnerships with their customers by supplying quality, dependable electrical products that they can stand behind.


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There's No 'Me' in a Design/Build Project

With the drive to formulate design/build teams, many electrical contractors now consider this building strategy to be a specialty that


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Pepco Educating the D.C. Area

According to the Washington TimeS, Washington, D.C.-area electricity provider Pepco announced it is laying out its plan for spurring energy conservation and using innovative technologies like smart meters to combat global warming, save customers money and avoid midsummer blackouts.


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