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. 

Renewable power still requires government support to challenge fossil fuels. Policies can help lower prices, increase supply and generate more demand.

According to an employment report, released by the U.S. Department of Labor’s Bureau of Labor Statistics on August 4, the construction industry added 6,000 new positions (seasonally adjusted) in July.

The U.S. Department of Energy (DOE) is investing $7.5 million to improve the reliability and resiliency of the electric grid, according to a June press release.

Every month, we pick the top Ideas That Work submitted by you, ELECTRICAL CONTRACTOR readers.

More on Your Business

 
Pricing to Compete

Oil prices are affecting everything, from transportation costs to commodities, and you may be tempted to alter your pricing to increase your backlog as a cushion against future uncertainty. Maintaining your sales revenue is like a game of basketball: most games are won by just a few points.


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Across the Ages

The industry is changing, which means changes for supervisors. More specifically, the labor resource for the electrical industry is undergoing significant change. Shortages in labor have been persistent for many years, but the shortage is now becoming acute, especially in some areas.


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The ABCs of PoE

According to Daniel Feldman, Technical Chair of the Ethernet Alliance’s PoE subcommittee, the base definition of power over Ethernet (PoE) is, “a technology that allows for the powering of devices through Ethernet cables.” At this time, IEEE 802.3AF is the de facto standard.


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What You Don't See

In our April column, we discussed the cost of accidents. We demonstrated the amount of work the electrical contractor must perform in order to recover the cost of an accident. Therefore, safety becomes an economic, legal, contractual and business issue.


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Proposed Power Plant Would Aid Southeast Texas Area

According to a report conducted by The Perryman Group, an economic and financial analysis firm based in Waco, Texas, the construction and operation of Exelon’s proposed nuclear power facility in Southeast Texas would not just increase energy reliability.


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Accent Energy Launches Conserve|Earn

Accent Energy, a Dublin, Ohio-based energy supplier, has developed a new program that actually pays customers for using less energy. Through Conserve|Earn, the amount of the refund is based on how much energy a customer saves as compared to the previous year.


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Intellectual Superpower

It's not news that our national electrical system is in a squeeze; existing transmission lines are reaching carrying capacity just as a new generation of electronics is driving electricity demand higher.


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