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 world’s longest and widest floating bridge spans a portion of Highway 520 in Washington state, one of the busiest corridors in the Puget Sound region. The bridge stretches 1.4 miles across Lake Washington and measures 116 feet wide at its midpoint.

Rachel Hienz would have never expected the situation that was about to unfold as she entered a bank branch one morning. She was there for a pre-job walk-through with other representatives of companies that would soon begin renovations on the building.


Milwaukee 18V lithium-ion deep-cut band saw

Saws often are needed for electrical work, and the cordless saw models available today are more powerful, smaller, lighter and easier to use compared with older models.


In 1978, President Jimmy Carter issued an amended executive order that, within four years, required tradeswomen to perform at least 6.9 percent of the labor hours on construction projects.

More on Your Business

 
Six Steps to Success

Regardless of the economy's health or electrical contractors’ profit margins, lost assets must be replaced. There are several ways to obtain asset financing, such as incurring more debt in the form of loans or issuing shares of stock to raise capital from investors.


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An Educated Guess

Conceptual estimating is one of the oldest forms of project quality control and preproject planning. Today, a majority of the conceptual elements are now being performed by technology as opposed to human creativity and inspiration.


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FERC Examines Causes of and Responses to Rising Electricity Costs

According to the Federal Energy Regulatory Commission (FERC), higher fuel prices, increased capital costs and continued uncertainty about climate policy are helping raise the costs of electricity faced by consumers across the country.


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Weather Wise

Unlike most commodities, electricity typically must be consumed when it is produced, so saving it up for a rainy—or exceptionally hot—day usually isn’t an option.


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Loop-Da-Loop

When something from the past comes to the forefront several times in a row, one might think of it as a sign. I think of it as an indication that there must be even more occurrences out there.


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The Butterfly Effect

There is an expression: "You cannot change just one thing.” This aphorism makes logical sense, particularly with regard to change orders in a construction project.


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Utility Works on Energy Management Abilities

The Maryland Public Commission (PSC), along with utility regulators from New Jersey, Pennsylvania, Delaware and a coalition of electricity buyers and consumer advocates, filed a complaint with the Federal Energy Regulatory Commission (FERC), challenging the imposition of capacity payments for the pe


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