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. 

Thomas Edison got it wrong. He predicted that everyone who pinned their hopes on the future of alternating current was just wasting their time.

One of the cornerstones of the smart grid evolution is the smart meter itself. Capturing and sending data in real time between the utility and the consumer has enabled a level of communication between the two that is almost science fiction-like.

Bosch Tools’ Daredevil spade bit with contoured paddle

Power hand tools have advanced rapidly over the last few years, becoming more powerful, productive, lighter and easier to use. Along with other useful convenience features, most of today’s cordless drills have light-emitting diodes (LEDs) to illuminate the work area.


In October 2011, the Illinois General Assembly enacted the Energy Infrastructure Modernization Act (EIMA). One of the main beneficiaries was ComEd, the Chicago-based electric/gas utility. With the passage of the EIMA, ComEd embarked on a 10-year, $2.6 billion program to modernize its power system.


Electrical Contractor Magazine

More on Your Business

 
Whole-Hog Asset Management
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Know when it’s time to sell ‘old bessie’ If you’re a typical electrical contractor, you’ve probably accumulated fixed assets as the business grew. Calculating ROA, or Return On Assets, will make you aware of just how fixed asset-heavy your company has become.

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Estimating the Cost of an Injury
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Hidden dangers lead to hidden costs Contractors don’t normally involve the estimating department in safety concerns except for those that affect the actual work of the estimator such as job site visits and the like.

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Blinking Light
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A different kind of poison Every time I see the lights on a Christmas tree blinking on and off, I am reminded of the old adage, “One person’s medicine is another person’s poison.” Flickering lights in an office, factory or residential home can be more than an annoyance.

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Layered Hospital Security Has Room to Grow
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Hospital security is a multilayered issue with hospitals of varying sizes struggling with how to keep the facility safe from intruders, both human and bacterial, without hindering accessibility. Making hospitals both safe and accessible generally requires technology.

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PSI Installs State-of-the-Art Systems
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In the fall of 2001, Sibley Memorial Hospital in Washington, D.C., decided to expand its Radiation Oncology Department in its Hayes Hall facility.

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Surge Protection: Fact or Fiction?
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What do these statements have in common? • Lightning doesn’t strike the same place twice. • Electrical utilities correct a fault by sending a power surge to clear a short in a service line, transformer or other load grid short circuit.

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What is RFID?
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Prepare to deal with this emerging technology Radio frequency identification (RFID) technology is finding wide application in a variety of industries. Electrical contracting firms need to be aware of this new technology and how its customers can use it.

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