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. 

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.

Understanding and accepting 
change is important in any walk of life, but especially so in electrical construction. I’ve seen how innovations in technology have affected the men and women in my business, and it’s exciting to be a part of it.

Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.

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.

In September, the Occupational Safety and Health Administration (OSHA) awarded $10.5 million in safety and health training grants to 77 nonprofit organizations, according to a press release from the U.S. Department of Labor (DOL).

More on Your Business

 
Embattled Transmission Project Survives Legal challenges in Rural Tennessee

A federal judge in Nashville has declined to hold up a transmission project by the Tennessee Valley Authority (TVA). His ruling ended a long-running battle between the utility and local residents, allowing the so-called Algood Transmission Line to be completed.


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A Rose by Any Other Name

It's amazing that searching the Shakespearean quote “A rose by any other name...” on the Internet can elicit such a wide range of subjects relating to it, from “white Merlot” to “hazards of cell phones on humans” to “juvenile justice Swedish style.” So adding one more relating to power quality to t


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Six Steps to Success

Regardless of the economy's health or electrical contractors’ profit margins, lost assets must be replaced. There are several ways to obtain asset financing, such as incurring more debt in the form of loans or issuing shares of stock to raise capital from investors.


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An Educated Guess

Conceptual estimating is one of the oldest forms of project quality control and preproject planning. Today, a majority of the conceptual elements are now being performed by technology as opposed to human creativity and inspiration.


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FERC Examines Causes of and Responses to Rising Electricity Costs

According to the Federal Energy Regulatory Commission (FERC), higher fuel prices, increased capital costs and continued uncertainty about climate policy are helping raise the costs of electricity faced by consumers across the country.


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Documenting Changes

In October 2007, the American Institute of Architects (AIA) released revisions to its Contract Documents templates. The AIA previously updated the documents in 1997. You should be aware of five areas of significant changes made to A201—General Conditions of the Contract for Construction.


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Herding Strays

For this issue concerning public spaces, it seemed appropriate to feature something that the press often calls “stray voltage.” Several recent incidents involving utility Con Edison made headlines in the New York press.


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