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

 
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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Open Spectrum Technology
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A quiet conversation in a noisy room The explosion of wireless applications in recent years has resulted in concern that the radio frequency (RF) spectrum is not broad enough to support future demands.

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The Test of Time
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Drug testing is more prevalent than it was just 10 years ago It’s not a popular subject for most electrical contractors. In fact, it tends to make employers and their electricians downright uncomfortable.

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HIPAA from the Management Side
by Staff |
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First federal privacy standard affects all aspects of healthcare The Health Insurance Portability and Accountability Act (HIPAA, though some may even know it as the Kennedy-Kassebaum Act) seems to keep making things more difficult for those in the healthcare industry.

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The Operation Was a Success!
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Healthcare is an exciting and dynamic industry. It has changed, technologically, and many institutions are experiencing growth or perhaps are upgrading their facilities.

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