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. 

News coverage of the health insurance debate should serve as a reminder for electrical contractors that have not fully evaluated or updated their business insurance plan. At renewal time, it’s important to update coverage and implement a plan to meet out-of-pocket costs.


Photo from a Safety Stand-Down event hosted by Werner. Courtesy of Werner at www.wernerco.com/us.

From May 8 to May 12, the Occupational Safety and Health Administration (OSHA) will hold its fourth annual National Safety Stand-Down, a program started in 2013 to “raise fall hazard awareness across the country in an effort to stop fall fatalities and injuries,” according to the OSHA website.

Tesla aims to put an EV in every driveway, a Powerwall and EV charger in every garage, and solar tiles on every roof.

Tesla has made a name for itself in the world of electric vehicles (EVs) and green energy.

Quality electrical contractors understand true success requires a combination of essential elements. That must include safety. More than 4,500 workers are killed on the job every year, according to the U.S. Department of Labor. Some of them, sadly, are in the construction industry.

More on Your Business

 
Nothing to Yawn About

If the stock market makes you nervous with its volatile ups and downs, you may want to take a good look at a more conservative alternative to stocks—municipal bonds. Mention tax-free municipals to some investors and you will be greeted with a big yawn.


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PQ Comes in Twos

The acronym “PQ” most often is associated with power quality, but some people use it to represent power quantity. The latter is more commonly referred to in today’s technical community as energy management. The commonality between the two is further seen in the instruments used to measure such.


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Spread the Word

As you well know, contractors no longer merely dropwire into a facility and call it a day. They have become the primary provider of all things related to electricity, power, communications, security and countless other systems-related work.


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Design/Build Teamwork Sharpens Winning Edge

As Today’s growing project-delivery method, much is said about design/build’s inherent advantages; however, its success rests on the shoulders of a winning team.


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Vicarious Liability Threatens Contractors on Multiple Levels

Mark Hady of Hady Electric Inc in Watertown, Wis, has not faced the problem of vicarious liability yet, and he hopes not to. “The hiring practices of my subcontractors is just not an issue I had given much thought to,” he said.


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AEP and Allegheny 765-kV Transmission Project Approved by PJM

American Electric Power’s (AEP) 765-kilovolt (kV) joint transmission line proposal with Allegheny Energy Inc was approved by PJM Interconnection (PJM) of Norristown, Pa.


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Operating Effectively

For electrical contracting companies that have many large, complex projects underway at the same time, construction management software is the key to making everything go smoothly and to completing each job on schedule and within budget.


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