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. 

While energy innovation enjoys a surge of popularity, one crucial element is still lacking: financing.

On a $28 million infrastructure contract, a contractor suffered an $11 million loss because of high charges by the utility companies for their part of the installation. The contractor, it turned out, got no remedy in court and, therefore, no means of recouping this major loss.


Along with many new trends that electrical contractors are finding themselves involved with these days, there are some surprises. While ECs have traditionally wired the power for elevators, much of the work has been left to mechanical contractors.

According to the Consortium for Energy ­Efficiency’s 2013 State of the Efficiency Program Industry report, “U.S. and Canadian combined gas and electric Demand Side Management program budgets reached $9.6 billion in 2013, representing a 2 percent increase over 2012 DSM budgets.

More on Your Business

 
Partnering with the Government
by Staff |
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Teams and personal service win out One of the most intriguing aspects of the 9/11 events, from a management perspective, may have to be the renewed interest in partnerships and the trust factor associated with them.

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Larry C. McCrae Inc. played an important role in Revitalizing Philadelphia
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As the first new residential high-rise apartment building constructed in Philadelphia for 15 years, the St. James was designed with the latest high-tech systems.

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Whole-Hog Asset Management
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Know when it’s time to sell ‘old bessie’ If you’re a typical electrical contractor, you’ve probably accumulated fixed assets as the business grew. Calculating ROA, or Return On Assets, will make you aware of just how fixed asset-heavy your company has become.

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Estimating the Cost of an Injury
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Hidden dangers lead to hidden costs Contractors don’t normally involve the estimating department in safety concerns except for those that affect the actual work of the estimator such as job site visits and the like.

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The Limits of FERCAiis Authority
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New utility business regulations could affect you Is electric transmission a natural monopoly or not? Does the Federal Energy Regulatory Commission (FERC) have authority over states and utilities to order restructuring and regulation of transmission systems?

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Oregon Electric learns The Value of Surge Protection
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As a four-alarm fire raged through an old, vacant produce warehouse on Jan. 20, 2002, plumes of heavy black smoke filled the air in southeast Portland, Ore. Under spitting rain, 150 firefighters battled the blaze as it tossed large chunks of fiery debris onto streets as far as two blocks away.

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Standardizing the Standards
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A different kind of harmony The Stevie Wonder/Paul McCartney classic “Ebony and Ivory” asked why we can’t live together in harmony.

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