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

 
Comparing PV Technologies
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There are a number of photovoltaic (PV) technologies available for converting sunlight into electrical energy. For building applications, technologies that are commercially available are predominately silicon-based and can be categorized as either crystalline silicon or thin film.

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Getting the most from distributors
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Contractors depend on distributors for myriad materials and supplies. But as construction projects become increasingly complex, progressive distributors offer more than shelves stocked with products.

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When Inaction Is Louder than Words
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A few years ago, a friend asked me for a legal definition of substantial completion. That was easy: beneficial occupancy. However, the substitution of one phrase with another was of little help.

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This Is What I'm Owed, and I Can Prove It!
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Make a case for the amount of money you have coming There are always two components to every construction contract claim. The first is entitlement; the second is quantum.

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What's New in 2005: Fully Integrated Software
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“We wanted to streamline the number of programs and eliminate multiple entries into different programs. We wanted a product that everyone in the company could use, from management to accounting to the project managers and purchasing staff.

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ASD: Dual Meetings
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Adjustable speed drives or ASDs, are often categorized as "sensitive" to power quality phenomena, which means ASD could also stand for "another sensitive device." I am still not sure what "sensitive" means relative to hardware. Susceptible seems like a far better choice of words.

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Developing a Specialty Field
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Any electrical contractors are experiencing a steady flow of work in their core business in electrical work.

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