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. 

Enough pauses. We are finally in the midst of a sustained recovery. Fundamentals are strong. Growth is ever steady, and momentum assuredly recovers when unexpected events such as severe weather hit.

In the movement toward greater energy efficiency, buildings have been identified as one of the biggest targets.

How do companies figure the cost of doing business? The answer is complicated for electrical contractors (ECs) to track and mitigate, as the environment most operate in has shifted from a few big construction jobs to a variety of contracts and providing a plethora of services.

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

More on Your Business

 
Your Firm: Portfolio of Businesses
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Electrical contracting firms are no longer the "single-product" firms they once were. For most of the history of electrical construction, the electrical contracting firm's market has been traditional contract construction and its customer base, predominantly general contracting firms.

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The Disappearing General Contractor
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There is an expression in the law that most litigation occurs because of missing facts or missing documents.

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Transition Networks and Graybar Expand Distribution Partnership
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Minneapolis, Nov. 11, 200'–Transition Networks, the conversion technology experts, announced an enhanced distribution relationship with Graybar, the leading distributor of telecommunications, networking, and electrical products and services.

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ELECTRICAL CONTRACTOR Magazine Honored for Best Redesign
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Bethesda, Md., Nov. 1, 200'–ELECTRICAL CONTRACTOR magazine was recognized by the magazine publishing industry for its coveted Silver Award in the Best Redesign (B-to-B over 35,000 circulation) category.

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Top Distributors Endorse Industry Data Warehouse Pricing
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The National Association of Electrical Distributors (NAED) released an open letter to the electrical industry urging all electrical manufacturers to begin providing and maintaining accurate and timely pricing data through the Industry Data Warehouse (IDW).

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Delegate or Suffocate
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Like many a novice, overworked contractor, I once found myself spread out on the dining room table making a takeoff when my teenage daughter asked if she could help. My first inclination was absolutely negative, but then I figured she could count symbols too.

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Six Sigma and Contractors
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A lot of marketing babble surrounds General Electric's Six Sigma process. When the delivery team needs a glossary as a handout, you know it'll take a while to figure how Six Sigma might help you. In this case, the effort might be worth it.

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