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. 

The success of one technology often feeds another. For example, renewable power and energy storage have each other to thank, in many respects, for their combined rising popularity. Storage helps meet the needs of renewables, and their growth, in turn, increases the demand for more storage.


Little Giant SafeFrame ladder

Ladders have been in use for thousands of years. A quick Google search of “first ladder” returns information about a Mesolithic rock painting at least 10,000 years old, the first historic evidence of a ladder. The image depicts two people using a ladder to reach a wild honeybee nest.

In February, the New York Power Authority (NYPA), the nation’s largest state public power organization, with 16 generating facilities and more than 1,400 circuit miles of transmission lines, received two Electric Power Research Institute (EPRI) Technology Transfer Awards for research that sheds ligh

Do you believe that your financial adviser knows more than you do about how to make your money work for you? Do you trust that adviser to be ethical?

More on Your Business

 
If It Sounds Too Good to Be True...

Centuries ago, investment decisions were easy. You earned money at your trade, kept your gold coins in a pouch attached to your clothing and knew exactly how much wealth you had. You worried more about survival than the economics of gold values and if you were robbed, you knew immediately.


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Improving the Procurement Process

The construction procurement process is flawed. While this is not news, what can contractors and estimators do about it? The root of the problem really starts at a project's conception.


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Preflight Check

I recently overheard a conversation that reminded me of how we take for granted that things will work the way we want them to without doing a few simple checks to verify them.


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November 2004 Redux

In November 2004 (“What Did You Read, and What Did You See”), I posed a number of problems for resolution. The problems were derived from past articles on topics ranging from negotiation strategies to liquidated damages.


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Estimating Evolution

Though estimating software has become more sophisticated, the process of scrutinizing a blueprint and figuring labor and material costs still needs the human touch.


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The Aftermath

Natural disasters are big news. Television presents live images of the devastation and the faces and voices of the victims of hurricanes, forest fires, tornadoes and other catastrophes. Newspapers follow with detailed accounts of property damage, injuries and death tolls.


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E-Money, Cash Flow and Check 21-Part 2

The “Check Clearing for the 21st Century Act” took effect on Oct. 28, 2004. Recall from last month's discussion that this act, also known as Check 21, is intended to allow for paperless processing of financial transactions.


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