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. 

I’ve only been NECA’s president since Jan. 1, and I’m already up to my neck in my new role as the association’s chief elected officer.

“Space matters” is the new mantra as the office concept undergoes some radical rethinking. Today, square-footage is often decreasing as occupancy increases. Open landscapes rule as corner offices disappear. Cubicles are giving way to collaborative worktables. Work from home? No problem.

The effects of the Great Recession have been far-reaching, and it left many construction companies scrambling to pick up the pieces. Now, after years of turmoil, a new report from FMI, a management consulting firm, suggests that construction is back on the right foot.


Emily Martin took us by surprise. From the very beginning of our interview with her, she didn’t hesitate to divulge things that most other electrical contractors (ECs) would be reluctant to share.

More on Your Business

 
'Mistakes' and the Law
| under

We all make mistakes. Often, there are no ramifications and the error in judgment can be resolved with an excuse or apology. In contract law, mistakes have a deeper meaning, and the results can be harsh. The law characterizes mistakes and places them into categories.

READ MORE
 
Before It Strikes Again
| under

A couple of months ago we dealt with lightning and the fast transients that can be coupled onto the electrical distribution system of the utility or within a facility, and the use of TVSS (transient voltage surge suppressors) to minimize the potential damage from such.

READ MORE
 
Reasons to Rent
| under

When Ernie Audet Jr. wants a new piece of equipment quickly, he rents. Audet wastes time and money when he lacks equipment needed for a job. Rental equipment is a $25 billion industry and almost all contractors—large and small—depend on it. Audet’s firm, E. W.

READ MORE
 
Can I Get a Witness?
| under

Construction companies often retain the services of consultants/experts to assist in preparing a claim or in presenting a dispute in court or arbitration. The range of services offered is extensive. Almost all bar journals and trade magazines carry advertisements for expert advice and testimony.

READ MORE
 
Tool Management Solutions
| under

Keeping track of company-owned tools has never been an easy task, even for very small firms. And for large organizations, effectively managing tools is a huge undertaking. “I started with our company as a driver,” said Rob Cherry, president of Osborne Electric in Oklahoma City.

READ MORE
 
Employment Deficit Could Hit In 2004
| under

Could the shortage of skilled workers in electrical construction, voice/data/video (VDV) and integrated building systems (IBS) hit sooner than you think? As reported in the June and August issues of ELECTRICAL CONTRACTOR, a shortage seems virtually certain for 2008-2010.

READ MORE
 
Stopping the Profit Drain
| under

No one would put their profits on shelves each year to sit and lose value, but that is what many contractors do by ordering and keeping unnecessary inventory. Overordering of inventory costs electrical contractors thousands of dollars a year in lost profits.

READ MORE

Pages