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. 

On March 23, the District of Columbia Public Service Commission voted to approve a $6.8 billion merger between Pepco Holdings and Exelon, creating the largest investor-owned utility in the nation. Combined, the two utilities will serve 10 million customers.


Photo courtesy of Orkin

The current Zika virus outbreak, which originated in Brazil and has spread across South America and into North America, is one of the most pressing health issues in the world today.

The other day, I saw an online discussion about using the labor units that come with computer estimating systems. The question was whether you should use the labor units as is. The simple answer is “maybe.” The complex answer is also “maybe.”


Photo by Iskulikov, Wikimedia Commons

In case you missed it, a small mammal, now known to be a beech marten, chewed through some electrical wiring at CERN’s Large Hadron Collider (LHC), causing the world’s largest particle accelerator to shut down operations.

More on Your Business

 
Role Models

In 1901, all eyes were on Buffalo, N.Y., when the city hosted the Pan-American Exposition. At this meeting, 49 electrical contractors from eight states formed the National Electrical Contractors Association (NECA).


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Omaha NJATC Building: A Training Tool

Unusual circumstances affected the planning for the new Omaha JATC facility. The International Brotherhood of Electrical Workers (IBEW) Local 22 and National Electrical Contractors Association (NECA) Nebraska chapter shared a building and were looking for more space together.


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Get the Marketing Edge

When it comes to running a business, the owner or manager must pay close attention to five separate, but integrated, functions.


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The Inside Job

Electrical contractors understand the value of risk management in protecting the assets and financial health of the company, even as they struggle to do so at a reasonable cost.


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Procurement Management in the Electrical Contracting Industry

The electrical contracting industry is facing a fork in the road with supply-channel management. In their historical roles, distributors play the part of a wholesale/retail combination for electrical components while hoping to be profitable through speculations (currently on steel and copper).


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Estimating Under Pressure, Part 3

The simple days of “base bid only” are long gone. Today’s bid form is alive, changing on a moment’s notice and getting meaner every day. It doesn’t know who you are and it doesn’t care how you laid out your estimate.


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Getting Started in Design-Build

“We’ve always done design-build. Everybody’s done it. A customer calls you up and says, ‘We want to do this.’ They are usually doing remodels. That’s how it starts. Now we do complete projects, out of the ground. It’s a lucrative, competitive priced method that is fair to all,” said Jeffrey L.


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