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. 

More than 174,000 workers in the electrical contracting industry—including the most-skilled electricians, linemen and technicians in the world—are covered by pension plans that are financed through contributions from them and their multiple employers, without costing taxpayers one cent.

When I started to write this article, it came out as a rant, which seemed unprofessional. Assuming I should be professional, I pared the rant down to a summary of the way I feel about the current state of engineering practices.

It was an online phenomenon that went viral.

The past two columns have covered issues related to your most important asset (and the most difficult one to measure): your employees.

More on Your Business

 
Miami Firm Ready to Go the Long Distance
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As the gateway to the Caribbean and South America, Miami is a city filled with endless opportunities to have fun in the sun. But when it comes to being the gateway of modern communications systems, Miami and Tri-City Electric Co. Inc. are all business. Phone home

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Upselling:Boosting Revenue through Safety Inspections and Recommendations
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Consider the last time you drove your car to the local Quick Lube shop for an oil change. Chances are, the service technician showed you something on your vehicle that needed repair or replacement.

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Inside or Outside,Voice/Data Contractors Prosper
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While the stock market has beaten up on electrical, mechanical, and hybrid roll-up companies, voice/data/video (VDV) specialty companies—focusing on long-haul networks and other “outside” work, or on-site network service work—are thriving.

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Prescribing the Right Medicine
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A plethora of solutions, often called “mitigating devices,” is being marketed for power quality-related problems. Choosing the best one for a particular facility and its problems is similar to prescribing the right medicine for an illness.

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Last-minute Checks
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Assuming the estimate is beginning to shape up and there is time to take a “second look” at the projected bid, a variety of methods can be used to verify the numbers. The second check is used to ensure that the quantities priced, labored, extended, and totaled are accurate.

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Incorporation by Reference: Ghosts in the Contract
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Your contract may contain the phrase “per plans and specifications.” Do these words affect your scope of work? Your subcontract probably says that the terms and conditions of the general contractor’s agreement with the owner are incorporated into your agreement. What is the legal effect?

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Chicago-area Company Uses Size and Speed to Win Big Design/Build Projects
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A combination of size and speed are foundations for great professional athletes. The same physical attributes help propel electrical contractors into the upper echelons of their profession.

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