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. 

More than 174,000 workers in the electrical contracting industry—including the most-skilled electricians, linemen and technicians in the world—are covered by pension plans that are financed through contributions from them and their multiple employers, without costing taxpayers one cent.

When I started to write this article, it came out as a rant, which seemed unprofessional. Assuming I should be professional, I pared the rant down to a summary of the way I feel about the current state of engineering practices.

It was an online phenomenon that went viral.

The past two columns have covered issues related to your most important asset (and the most difficult one to measure): your employees.

More on Your Business

 
Economy to Boost Demand for Fire Alarm Systems
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There are a number of encouraging signs indicating a rising demand for fire alarm panels in commercial and industrial buildings. Local, state, and federal building codes are the primary drivers, but the recent U.S. economy has not hurt either.

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Speaking the Same Language––Part I of III
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As I was preparing to disembark in the mother country after instructing a tutorial on flicker at the Institute of Electrical and Electronic Engineers (IEEE) Power Engineering Society winter meeting, I reflected upon the difficulties with communication, even among English speakers.

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INDUSTRY WATCH
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Quanta Services, Houston, reported record fourth quarter results, with revenues up 65 percent and a net income increase of 42 percent over the comparable 1999 quarter ended Dec. 31. Revenues for the 2000 period were $548.2 million and net income reached $37.3 million.

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Always-on Devices to Require New Power Supplies
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Advanced always-on Internet mobile devices will require a whole new generation of power supplies, says a study from Allied Business Intelligence, Oyster Bay, N.Y. Right now, many users will find that power supply for these devices is insufficient in both battery life and standby times.

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E-Commerce Savings Realized After High Initial Investment
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Companies will spend an estimated $5.4 million to $22.9 million each to integrate into online markets over the next five years, according to a new report by Forrester Research.

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Hybrid System Harnesses Wind, Solar Energy
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Parker Ranch, a 225,000-acre cattle ranch in Hawaii, and PowerLight Corp., a leading designer, manufacturer, and installer of grid-connected commercial solar electric systems, have joined in the world's largest hybrid solar-wind energy power project.

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Keeping Up with the Times to Avoid Costly Problems
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During the electrical industry’s history, changes have occurred at warp speed. Many of these ideas can create havoc for an estimator or estimating system that has not changed with the times.

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