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 United States is undergoing a major shift in the way it generates and consumes electricity. In the midst of such visible changes, strong metrics are enlightening—even if they are, in some ways, stating the obvious.


A prognosticator forecasting the end of electric utilities as we know them isn’t news. Economists and market researchers have been telling this fortune for several years. But when the people in charge of utilities corroborate those reports, it’s no longer a tale read in the tea leaves.

One of Ronald Reagan’s famous quotes about the philosophy of government bureaucracy was, “If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.”


A recent case ruled that the contractor’s markup for overhead on a change order covered all overhead, both field and home office. On first impression, this ruling may not seem unusual, but the facts of the case indicate an unfairness in the result.


More on Your Business

 
E-Money, Cash Flow and Check 21-Part 2
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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.

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Battling PQ Illness
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Most of the articles in this column have focused on how to find what type of power quality demons are lurking in your power system. However, the other aspect of PQ is how to get rid of them. Otherwise, it is sort of like a doctor who only diagnoses your illness, but can't offer any treatment.

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No Bones About It
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Affiliated with Emory University School of medicine and Emory University Hospital, Emory Healthcare in Atlanta boasts revenues in excess of $1 billion and a staff of some 8,400. It is one of the nation's leading healthcare systems and the largest in Georgia.

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Meandering Through the Thicket
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Some time ago I was in an electrical contractor's office in Cincinnati. There was a framed letter in the president's office representing the company's first contract.

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E-Money, Cash Flow and Check 21 - Part 1
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On Oct. 28, 2004, the Check Clearing for the 21st Century Act (passed on the same date in 2003) became effective.

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Not-So-Trivial Tax Trivia, Part 2
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In part 1 of our exploration of the Internal Revenue Service Web site, we mentioned President Bush's fourth tax cut in four years, which extended three middle-class tax breaks and revived tax breaks for business. The Working Families Tax Relief Act of 2004 will affect some 94 million Americans.

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Understanding NFPA 72
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NFPA's signaling standards date back to 1898. The 1993 edition of NFPA 72, National Fire Alarm Code was a consolidation of all of the fire alarm system-related installation standards published previously as separate documents.

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