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 energy innovation enjoys a surge of popularity, one crucial element is still lacking: financing.

On a $28 million infrastructure contract, a contractor suffered an $11 million loss because of high charges by the utility companies for their part of the installation. The contractor, it turned out, got no remedy in court and, therefore, no means of recouping this major loss.


Along with many new trends that electrical contractors are finding themselves involved with these days, there are some surprises. While ECs have traditionally wired the power for elevators, much of the work has been left to mechanical contractors.

According to the Consortium for Energy ­Efficiency’s 2013 State of the Efficiency Program Industry report, “U.S. and Canadian combined gas and electric Demand Side Management program budgets reached $9.6 billion in 2013, representing a 2 percent increase over 2012 DSM budgets.

More on Your Business

 
Construction Forecast 2003 - There's a Chill In the Air
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For every sweltering summer there is a bone-chilling winter. In construction, contractors enjoyed tremendous growth and profitability during the late 1990s and early part of this new century. While it lasted, the ride generated widespread prosperity.

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Unseen Transients - Don't Ignore This Problem
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Due to the proliferation of TVSS (transient voltage surge suppressors), while voltage transients are still here, they may not be captured by most power-quality monitors much longer.

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Article 210 - Branch Circuits
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* For reference figures, please refer to ELECTRICAL CONTRACTOR magazine. 210.52(D) Bathrooms Requirements pertaining to receptacle placement inside and outside dwellings are covered in 210.52(A) through (H).

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Communicate More Effectively - Boost Your Bottom Line
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On the job and in the office, communication styles often determine how productively your team performs, be it estimating a new job or completing one in the field. Communication is at the center of motivation and leadership, and it can be related to personality.

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LIGHTCongress 2003 Wows Media
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World leaders in lighting presented the issues, technologies and opportunities affecting the industry today and tomorrow to leading media representatives from the leading business, trade and consumer outlets at LIGHTCongress 2003.

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What's The Deal? Figuring Out Contract Law
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Analyze this scenario: An owner calls you because of your enticing advertisement. “No job too big or too small.” “Over 20 years of satisfied customers.”

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Fiber-to-the-Home Council Applauds FCC Decision
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The Fiber-to-the-Home (FTTH) Council today applauded the Federal Communications Commission's (FCC's) decision to deregulate FTTH networks owned by incumbent local exchange carriers (ILECs).

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