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. 

Recently, a few of us went to George Washington’s Mount Vernon estate for a symposium about the energy efficiency of historic sites. It was hosted by the Washington, D.C., chapter of the Association for Preservation Technology.

Renewable generation and energy-storage technology have evolved at a similar pace in recent years. Their mutually beneficial relationship is no mystery.

The National Electrical Manufacturers Association’s (NEMA) current and future confidence indexes both inched backward in May, signifying a potential return to the status quo, though currently both indexes remain in the “expansionary range.”

I scheduled the whole day to finish the restaurant takeoff. I even came in a bit early. Of course, just as I start counting, the phone rings. It’s my foreman on the strip mall project. The utility company has not shown up to turn on the power. I jump on the phone to track down the company.

More on Your Business

 
Keep the Lines Open

Years ago, when Casey Stengel became manager of the New York Mets, he said in amazement, “For these guys, every fly ball is a new adventure.” He might as well have been talking about building an integration team because every project of this kind requires a unique skill set and a custom cast of cha


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Vault or Shoe Box

When stock market investments and property shrink in value, it is tempting to convert them into safer vehicles, such as bank deposits. Is the banking system still safe, or is it a house of cards that will collapse under pressure? Fractional banking


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A Case of Defective Drawings

“It is undisputed that virtually all of the drawings and specifications … contained substantial errors, conflicts and discrepancies, which rendered them unusable for the construction of the project … .” Eaton Electric Inc. v. Dormitory Authority of the State of New York, (N.Y.


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Stormy Weather

Three years after Hurricane Rita, while electrical contractors in southern Texas were still repairing and replacing damaged electrical systems, Hurricane Ike surged into Galveston and brought contractors the most work they had seen in decades. Ike made landfall in Galveston on Sept.


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What's Fibonacci Got to Do With It?

There is no question that we are in a severe bear market. From a record high of more than 14,164.53 on Oct. 9, 2007, the Dow Jones Industrial Average (DJIA) fell to 8,777.67 on Dec. 31, 2008.


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Defining the Customer

The supervisor typically is the desinated point of contact between the company and outside entities, such as the general contractor, the designer, the owner, other contractors on the site or the contractor’s subcontractors and suppliers.


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How Long Should It Take?

My role as an estimator has changed dramatically over the past 10 years. Much of my time these days is spent estimating the estimates, trying to assess how long it will take my staff members to complete them.


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