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 the Maryland state legislature debates whether or not to extend the EmPOWER Maryland energy efficiency program, the American Council for an Energy Efficient Economy (ACEEE) has released multiple studies encouraging it to continue.                                           

In the original “Jurassic Park” movie, mathematician Ian Malcolm warns the creator of the park that control is an illusion. Regardless of how many electric fences, backup systems and contingency plans are in place, there is ultimately no guarantee of safety in the park.

Photo courtesy of Robert Romanoff and Dwight School

In the effort to bring more young people into construction and the trades, it could pay off to look even younger than you might think.

Tesla's Gigafactory 1 in Palo Alto, Calif. Courtesy of www.Tesla.com.

Solar roof panels and electric vehicle are undoubtedly growing in popularity across the U.S., but neither has become a standard or default choice for consumers, in part because buyers must sacrifice savings, aesthetics or convenience to adopt these technologies.

More on Your Business

 
Can You Tell the Soup from the Recipe?

Challenging clauses can cause confusion: I have searched through actual contracts for some clauses to challenge you. Compare them to the provisions in your own agreements. What do they mean? What are they meant to mean? Can you live with these obligations?


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Building Better Bonding Relationships

As an electrical contractor, your experience with bonding may be limited to the unpleasant task of making a claim against a payment bond; surety bonding is often confused with insurance.


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Big Bad Bid Day

How to review your bid, part 3: Note to estimators: I write this article assuming you have finished and reviewed your takeoff (see part 1, October 2006), and ran and reviewed all of your extensions (see part 2, November 2006); if you haven’t, you will need to accelerate the following to Warp 10.


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Stuck in the Middle

The balance between the manufacturer and the customer:


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Pricing for Profit, Part 1

Making sense of markup and margin: When you look at your latest income statement, you probably check the bottom line first; for many electrical contractors, the net profit figure is often a surprise.


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