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. 

In light of the trend of utility customers establishing their electricity service independence with distributed generation technology, utility companies have expressed fears of a “death spiral” as they lose money from those customers and face a diminished capability to maintain their transmission sy

In the quest for achieving greater energy efficiency, buildings have become a primary target, and building designers are jumping on the bandwagon.


The power generation environment is changing, and so are the systems used to transmit and store that resource. Microgrids are emerging as one of the key components in the new energy landscape.


Last month we talked about why bid listing laws are a good thing. In summary, general contractors use bid shopping to take profit from the subcontractors and keep those profits for themselves. Bid listing laws are a very effective way of stopping post-award bid shopping. 


More on Your Business

 
CAD: Cutting Out the Clicks
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Growing numbers of electrical contractors are trying out new technology to increase their efficiency—some products with more success than others. But the CAD (computer-aided design) system has become a staple that contractors cannot ignore.

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Time Is Money
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Customers are placing a higher priority on time than money, and it seems that nearly all projects are now “fast track.” Managing money is easier than managing time, and every electrical contracting company struggles with waste, inaccurate records, or even time theft.

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E-Biz for Smaller Contractors
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Paperless communication reduces errors Translation is a huge problem for e-business. Can your accounting system “talk” to your distributor’s business system, and vice versa? After all, your system has information the distributor needs; and you could use data in the distributor’s computer.

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Security System Upkeep
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Security system upkeep is important to ensure the integrity of the system in the event of an actual breach or break in. It’s then that the significance of a reliable intrusion detection system comes to light.

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First Things First
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In the latest edition of “Electrical Power Systems Quality” by Dugan, McGranaghan, Santoso and Beaty, the authors point out that “it is commonly stated at power quality conferences and in journals that 80 percent of all power quality problems reported by customers are related to wiring and grounding

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Leasing Vs. Buying
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It’s almost certain your company will add equipment and tools to its inventory this year. What’s less certain is whether you will buy outright or lease. Neither choice is all good or all bad, but the result will make a difference on your balance sheet and tax statements.

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Taking the Suspense Out of a Suspension of Work
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On almost every project, large or small, there will be minor stoppages of all or part of the work. Many of these predictable delays are not significant enough to support a delay claim. For example, you have to shift your crews one day to accommodate the mason.

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