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. 

While the magazine’s headquarters are in Bethesda, md., ELECTRICAL CONTRACTOR can’t cover a national industry without getting out to various locales for trade shows and conventions. They are some of our best resources for learning what’s going on, so we can pass that knowledge on to you.

Much of what we think we know about renewable technology comes from visual association. However, much of renewable energy is invisible.


According to a recent report published by Technavio (www.technavio.com), a global technology research and advisory firm, the global prefabricated construction market is expected to grow at a compound annual growth rate (CAGR) of between 6 and 7 percent until 2020.

The need to modernize the nation’s outdated electrical infrastructure has become something of an axiom in the age of renewables. Recognizing that need, the U.S. Department of Energy (DOE) has offered an incentive.


More on Your Business

 
Power Quality Safety

As I prepare to chair the next meeting of the NFPA 70B Recommended Practice for Electrical Equipment Maintenance committee, I reviewed some of the more significant changes made in the 2006 edition.


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On the Cutting Board

After many months of wrangling, the $70-billion, Tax Increase Prevention and Reconciliation Act of 2006 is now a reality.


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LEEDing Edge

Building owners are becoming increasingly interested in sustainable construction and having their buildings certified under the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) Green Building Rating System.


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Power Hour

Why don’t electrical contractors spend more time reviewing their financial statements? How much time does it really take to do a financial self-examination? Do you have to be an accountant or financial wizard to evaluate the status of your financial health? It might be easier than you think.


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Estimating Blind

As the economy stands on firmer ground, privately funded buildings are coming back to life, bringing a surge of design-build projects with it. This is very good news for estimators, because more buildings mean more work to bid on and win for the company.


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ESOP's Pitfalls

The first two parts of this series have explored the concept of the Employee Stock Ownership Plan (ESOP) and the potential advantages of establishing one for your contracting business. This month, we will discuss some of the possible pitfalls.


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LEEDing Electrical Installations

More and more companies want to be recognized as being environmentally conscious. One way that they are demonstrating their commitment to a cleaner environment is through green construction.


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