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. 

Happy New Year from your new ELECTRICAL CONTRACTOR editors! Surprised? You have that look on your face. It’s OK. We were, too.

Economists coined the term “half-fast” to describe the financial recovery. It’s an economy in flight, but it isn’t quite soaring. Dodge Analytics calls it “a mixture of headwinds and tailwinds.” For example, 2015 construction starts were forecast for 9 percent growth. They landed at 13—a tailwind.

Welcome to the initial column of Intelligent Infrastructure Insights. We are going through a huge paradigm shift in real estate today.

Solar-power technology is growing wide and deep through installations and planned projects. New York Gov.

More on Your Business

 
When Worlds Collide

I have a friend who is a mid-sized electrical contractor. His work is evenly split between commercial and residential, with contracts ranging in value up to a few hundred thousand dollars.


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ESOP's Advantages

Last month, we introduced the concept of the Employee Stock Ownership Plan (ESOP). This month, we’ll look at the potential advantages to your company of establishing an ESOP, including positive effects on employee morale, company finances and bonding relationships.


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House of Cardinals: Cannon & Wendt

It was a cold Fourth of July in Iowa nearly 60 years ago that prompted a young World War II vet to make a decision that has culminated in a highly successful electrical contracting business today—in a place where a cold July 4 rarely, if ever, occurs.


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Are Your Estimators Bored?

Estimating can get boring. Count, count, count—highlight all the little symbols, color all the lines red, enter the counts into the computer. Clicking the days away, one job at a time. It is nobody’s fault—any job can become tedious.


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All Lanes Clear

Wellington Power Corp., a Pittsburgh-based electrical contractor, is helping to relieve one of the worst bottlenecks in the United States by electrifying the world’s largest drawbridge.


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Still Number One

Since the first power quality monitor was introduced by Dranetz Engineering Laboratories in 1975, there have been a lot of changes in the instruments that monitor electric distribution systems and the loads powered from the distribution systems within a facility or substation.


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Measuring up: Where Does Maintenance Stand?

The Electrical Contractor study, Contractor’s Roles in Scheduled/Preventative Electrical Maintenance, yielded some surprising results.


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