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. 

Most taxpayers know the Federal Reserve Board of Governors meets periodically to set interest rates, but too often, they leave the deeper analysis to economists.

Various internet sources claim that adults make an average of 35,000 decisions each day. While that total may be in dispute, it highlights the constant activity our brains are in deciding on matters both inconsequential and life changing.

This tunnel lighting is part of Birmingham’s total lighting upgrade.

The City of Birmingham, Ala., announced a new project designed to upgrade its current public parking garage lighting to energy-efficient, connected light-emitting diode (LED) lighting. The retrofits are expected to save about $375,000 per year.


Credit cards typically apply interest to late payments. This interest factor, which may be 18 percent or more, can be viewed as a form of liquidated damages (LDs). The base amount owed is not liquidated, because it depends on your balance, but the percentage is liquidated, or fixed, by agreement.

More on Your Business

 
Estimating Software Roundup

Well, it's that time of year again, where I bring the big estimating software dogies home for a checkup, to see what changes they have made while roaming wild out on the range. I have only three pages and four major systems to talk about. So let’s get this roundup started. Yee haw!


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DHS Announces Campaign Against Illegal Immigrant Workers

The Department of Homeland Security (DHS) has announced a massive regulatory and enforcement campaign to address the hiring of illegal immigrants. Its complex collection of rules sets out to make businesses more responsible for their hiring practices in the wake of increased threats from abroad.


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Spelling Test

Most people regard design/build as one of the great equalizers in the construction and contracting world. It helps prevent low-balling the contract, since most decisions are made on a comprehensive skills basis.


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Towers of Power

The term “carbon footprint” is often applied to industrial facilities, where significant consumption of various forms of energy is measured against the effects on the environment as compared to the product output.


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Saving the Labor

I have been told there is a coming storm in the electrical construction industry of which the impact will be felt far into the future. It’s the loss of our trained labor force.


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Mind the GAAP

You may know accountants follow generally accepted accounting principles (GAAP), but you may not know how the GAAP evolved.


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PG&E Uses Cow Power

Pacific Gas and Electric Co. (PG&E) announced that the California Public Utilities Commission has approved its gas purchase agreement with Microgy Inc. to deliver up to 8,000 cubic feet of pipeline-quality renewable natural gas daily.


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