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. 

To sustain your company and maintain a competitive edge takes commitment and planning. Adopting a triple bottom line (TBL) can be that road map to achieving business sustainability.

While solar power is becoming more competitive all the time, the need for government incentives is still strong. Recently, New York state offered developers an incentive to build large projects. Response to that solicitation was overwhelming.


Retirement is a fairly recent concept. Before the 20th century, most people worked until they were physically or mentally unable to do their jobs.

The focus of the electrical contracting industry has always been energy. That’s obvious. But, reflect on the history of the industry for a few moments, and it’s just as obvious that the role electrical contractors perform with regard to energy has changed dramatically.

More on Your Business

 
Downtime Leads to Lost Revenue
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One of the most power-quality aware industries is the financial market, as it is one of the most dependent on the uninterruptible operation of computer and communications technology equipment for their business to generate “positive money.” It is not surprising that many of the members of the 7x24

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'Mistakes' and the Law
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We all make mistakes. Often, there are no ramifications and the error in judgment can be resolved with an excuse or apology. In contract law, mistakes have a deeper meaning, and the results can be harsh. The law characterizes mistakes and places them into categories.

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Before It Strikes Again
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A couple of months ago we dealt with lightning and the fast transients that can be coupled onto the electrical distribution system of the utility or within a facility, and the use of TVSS (transient voltage surge suppressors) to minimize the potential damage from such.

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The Art of Negotiation; the Art of War
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A few years ago, I was asked to present a seminar on delay/disruption damages. In my presentation, I made reference to “The Art of War” by Sun-Tzu, an ancient recipe book on winning at battle.

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Integrated Building Systems and You
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Advancing technology is allowing the integration of power, communications and control systems to improve building performance.

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Continuing the Search for Greener Pastures
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As was pointed out in last month’s column, when an electrical contractor expands to a new area of work such as school construction, a new set of parameters enters the estimating picture. Perusal of the specifications becomes a lesson in caution.

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Communicate the Bottom-line Benefits
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I’m fairly certain that we’ve only begun to tap the energy efficiency potential of this country.

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