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. 




A recent World Wildlife Fund survey found that almost half of Fortune 500 companies have at least one climate or clean-energy goal. It’s good business to be eco-friendly, and the construction industry has made great strides in going green without sacrificing profits.

When a 4.6-acre luxury residential construction project was being built on the site of a former hospital, it was quite an undertaking. It included building 373 apartments, food retailers and parking, and the workers had to be sure not to leave out its avant-garde appeal.


According to the latest monthly report by the U.S. Census Bureau, construction spending in the United States fell 1.3 percent in June to a seasonally adjusted annual rate of more than $1.2 trillion.

As president of the National Electrical Contractors Association since 2015, I have devoted much of this column to the mounting list of challenges the electrical construction industry faces. But it’s also important to recognize positive things that are happening.

More on Your Business

 
Checking Your Financial Pulse, Part 2

Last month, we introduced the NECA Financial Performance Report (FPR) and began reviewing the data within it. Let’s continue with some additional measures of profitability.


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Legacies Derived from Will to Succeed

It may sound odd when I say a week-long event completed a couple of months ago left a legacy. However, a legacy can be defined as something from the past that enriches beneficiaries in the present and future, and I believe the 2007 Solar Decathlon will provide benefits well beyond its duration.


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Progress Energy Carolinas Seeks Renewable Energy Proposals

To support Progress Energy Carolinas’ balanced solution to meeting the future energy needs of a growing region—and to meet increasing renewable energy targets that take effect in the near future—the company is seeking information from potential suppliers about the availability of renewable and alter


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Recommendations for 2008

It's December already, which means this year’s estimating saga is basically over. Not to worry, 2008 should be just as exciting and fun, loaded with all sorts of new changes.


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Not Immune

The financial community probably exemplifies the digital economy more than any other indus-try.


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DOE Completes Study on Pennsylvania Coal-to-Liquid Fuels Project

The first-of-its-kind coal-to-liquid fuel project planned for Pennsylvania took another significant step forward with the completion of the U.S. Department of Energy’s (DOE) final environmental evaluation. The DOE published its “Final Envi-ronmental Impact Statement” (EIS) on Nov.


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Sweden Boasts World's First ZigBee City

The city of Goteborg, Sweden, plans deploy the NURI AiMiR Advanced Meter-reading Management (AMM) system to 270,000 homes, the world’s largest ZigBee network.


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