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. 

On October 8, 2016, the Birmingham Electrical JATC and IBEW Local No. 136 assisted in the setup and takedown at Oktoberfest Trussville, an annual event in Trussville, Ala., that raises money for local charities.

Second to electricians and project managers, the most important assets on any work site are equipment and tools. But until recently, tracking them—in the warehouse, in trucks and vans, and on the job site—was a paper-, pen- and phone-based operation.

My September column, “America’s Money,” explained the basic structure of the Federal Reserve, including the 12 Federal Reserve Banks, Board of Governors and Federal Open Market Committee (FOMC). All checks are cleared through this system.

Hundreds of jobs have been “mothballed” or put on an extended hold status. It occurs with home-renovation projects, power plants, marinas, dentists’ offices and automobile manufacturing plants, to name a few. Every case is unique, yet almost all instances eventually boil down to money issues.

More on Your Business

 
Vicarious Liability Threatens Contractors on Multiple Levels

Mark Hady of Hady Electric Inc in Watertown, Wis, has not faced the problem of vicarious liability yet, and he hopes not to. “The hiring practices of my subcontractors is just not an issue I had given much thought to,” he said.


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AEP and Allegheny 765-kV Transmission Project Approved by PJM

American Electric Power’s (AEP) 765-kilovolt (kV) joint transmission line proposal with Allegheny Energy Inc was approved by PJM Interconnection (PJM) of Norristown, Pa.


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Figuring in Tools and Equipment

I have seen it done many different ways; I have heard twice as many opinions. Sometimes it’s a specific dollar amount entry or a small percentage value; sometimes nothing at all.


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Forgotten But Not Gone

Among the responsibilities of numerous working groups and task forces of the Power Quality Subcommittee under the auspices of the Transmission and Distribution Committee of the Power Engineering Society of the Institute of Electrical and Electronic Engineers (or more simply, the IEEE PES T&D PQ


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Exert Your Influence

Last month, we considered resources that are outside our span of control, and we discussed setting up the environment in which we can influence or guide those resources in support of our job.


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Micro Grids Fight for Independence from Regional Grid

According to the Burlington Free Press, the summer heat wave of 2006 cost businesses in Stamford, Connecticut, tens of millions of dollars due to resulting power failures.


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Pepco Educating the D.C. Area

According to the Washington TimeS, Washington, D.C.-area electricity provider Pepco announced it is laying out its plan for spurring energy conservation and using innovative technologies like smart meters to combat global warming, save customers money and avoid midsummer blackouts.


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