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

 
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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Diogenes' Search
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Diogenes, who wandered the streets of Athens many centuries ago, was looking for an honest man. Contractors looking for an estimator candidate face a similar situation.

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Why PV Now?
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Photovoltaics (PV) are semiconductors that convert sunlight directly to direct-current (DC) electric power. Photovoltaic technology has been used for years in specific applications where conventional utility service is not readily available or practical.

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Construction Forecast 2005
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Last year's ELECTRICAL CONTRACTOR's Construction Forecast went halfway out on a limb to prognosticate that 2005 "may be a big year all around." It's easy-and wise-to be tentative in predicting this year's economy, and some industry gurus have done just that, sticking with "maybe." A group of these g

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Drug-Testing Initiative Goes National
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The intention is for local chapters and their unions to use the initiative, which was recently affirmed by the NECA Board of Governors, as a template in establishing their own drug testing policies.

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Building the Smart Way
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There's a growing urgency in the development of “green” or “smart” building, and learning to install its energy infrastructure-which is called integrated building systems (IBS) and involves tying together HVAC, electrical, security, lighting and fire alarm systems-could well be a boon to contractors

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