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. 

Image courtesy of Community First! Village

It was announced this week that Alan Graham, the CEO of Mobile Loaves & Fishes, a nonprofit group, plans to raise $60 million in donations to expand Community First!

For each project, electrical contractors must ensure the right equipment is on-site, that it’s affordable and, most important, safe and reliable. But what to do when dealing with installed equipment or with tools and equipment that they don’t own? How do they know it’s safe and hasn’t been damaged?

Sometimes you have a choice to get wet; sometimes you don’t. Splashing through puddles for fun is one thing. Forgetting your umbrella is another. Getting doused with 27 trillion gallons of rain, which is how much Hurricane Harvey dumped on Texas and Louisiana, is altogether something else. 

Often, people in our industry have more than one job title. Smaller shop owners often wear many hats. As businesses grow, one of the most frequent pairings is estimating and project management. 


More on Your Business

 
Keep the Lines Open

Years ago, when Casey Stengel became manager of the New York Mets, he said in amazement, “For these guys, every fly ball is a new adventure.” He might as well have been talking about building an integration team because every project of this kind requires a unique skill set and a custom cast of cha


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ComEd Reliability Performance Improves in 2008

The electric utility for the northern Illinois area, ComEd, reported 14 percent fewer outages than in 2007.


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A Case of Defective Drawings

“It is undisputed that virtually all of the drawings and specifications … contained substantial errors, conflicts and discrepancies, which rendered them unusable for the construction of the project … .” Eaton Electric Inc. v. Dormitory Authority of the State of New York, (N.Y.


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Stormy Weather

Three years after Hurricane Rita, while electrical contractors in southern Texas were still repairing and replacing damaged electrical systems, Hurricane Ike surged into Galveston and brought contractors the most work they had seen in decades. Ike made landfall in Galveston on Sept.


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What's Fibonacci Got to Do With It?

There is no question that we are in a severe bear market. From a record high of more than 14,164.53 on Oct. 9, 2007, the Dow Jones Industrial Average (DJIA) fell to 8,777.67 on Dec. 31, 2008.


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Defining the Customer

The supervisor typically is the desinated point of contact between the company and outside entities, such as the general contractor, the designer, the owner, other contractors on the site or the contractor’s subcontractors and suppliers.


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How Long Should It Take?

My role as an estimator has changed dramatically over the past 10 years. Much of my time these days is spent estimating the estimates, trying to assess how long it will take my staff members to complete them.


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