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 preparing estimates, the methods and rules that estimators follow depend on several factors, including training, experience, the type of project and company culture. In some instances, estimating practices may not mesh well with project management requirements.

I’ve only been NECA’s president since Jan. 1, and I’m already up to my neck in my new role as the association’s chief elected officer.

“Space matters” is the new mantra as the office concept undergoes some radical rethinking. Today, square-footage is often decreasing as occupancy increases. Open landscapes rule as corner offices disappear. Cubicles are giving way to collaborative worktables. Work from home? No problem.

The effects of the Great Recession have been far-reaching, and it left many construction companies scrambling to pick up the pieces. Now, after years of turmoil, a new report from FMI, a management consulting firm, suggests that construction is back on the right foot.


Electrical Contractor

More on Your Business

 
Managing a Fire Alarm Installation
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A little planning can go a long way In new building construction, electrical contractors most often have the task of installing the fire alarm system. Generally, the fire alarm system does not represent a significant portion of the overall electrical quote.

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Covering All the Bases
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Know where the vulnerable points are at government installations You wouldn’t want to give Al Qaeda or some other group of terrorists access to the government’s most sensitive information, would you?

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Partnering with the Government
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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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Article 220-Cooking Equipment Calculations, Part VI
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220.19 Electric Ranges and Other Cooking Appliances Specifications for calculating branch-circuit, feeder and service loads are in Article 220 of the National Electrical Code. This article is divided into four parts: I. General, II. Feeders and Services, III.

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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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