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. 

Meaningless emails are a bane. In a construction lawsuit I tried last year, the parties exchanged their project documents, which included more than 200,000 emails each.

At the end of last year, I wrote an article about new business possibilities for Electrical Contractors in 2017.

With recent intrusions into corporate computer systems of companies that own nuclear facilities, the threat of cyber attacks against U.S. nuclear power plants is more urgent.

As the nation's electricity generation and transmission infrastructure undergoes profound changes, the federal government is taking steps to ensure that the system remains reliable, resilient and affordable for many years to come.

More on Your Business

 
Service With a Smile

Customer relations play a key part in the business of electrical construction. A wise electrical contractor once said the main purpose of a business is to make a profit, and the main function of a business is to create and maintain satisfied customers.


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Money in the Bank

Most facilities have a hidden source of cash within their walls. People working in the energy-reduction field know that usually at least a 10 percent savings in energy can be achieved with a payback measured in less than two years, and often right in next month’s utility bill.


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When to Bid the Job

The competitive bid market always has been a brutal arena, even during the best of times. Winning a contract takes more than having a tight estimate or the best lighting fixture quote. Even having the lowest price won’t ensure you get listed by the general contractors.


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Energizer Bunnies

Recently, I was on a panel at a conference on power quality and reliability-related issues. Somewhat amazing was the amount of discussion on that buzzword that keeps going and going: smart grid.


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The 'flations

Last month, we defined money and its relative value in the marketplace. This month, we’ll analyze who benefits when the value of money changes. Keep in mind that the laws of physics also apply to the value of money: what goes up must come down. Inflation


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Smart Grid Pilot Raises Power IQ for Users in Massachusetts

Not least among the many factors feeding the recent buzz about a new national energy order is the dawning of a technology that allows communication between appliances and the systems that deliver power to them.


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The Communications Link

Communication on a construction site is critical, time-consuming and pervasive. It is critical because research has indicated two-thirds of all errors at the job site either directly or indirectly are due to communication-caused problems and difficulties.


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