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. 

Playing with the big boys


My first exposure to material pricing was in the mid-1970s when I was promoted to pricing clerk/assistant-purchasing agent at a wholesale house. My new desk was dominated by a 4-foot wide, metal-framed collection of pages called the Biddle Book, which was furnished by Trade Service Publications.

The National Electrical Contractors Association (NECA) works daily to ensure electrical contractors (ECs) have every opportunity to stay on top of the issues that affect their businesses and to be directly in touch with their senators and representatives in Congress.


Choosing a trustworthy financial adviser can be confusing and stressful. In last month’s column, we learned that researchers have not been able to find a link between financial literacy education and improved consumer decision-making.

In places such as Arizona, where utilities and the solar industry bicker over pricing and metering policies, everyone suffers. In Los Angeles, where the same policies are embraced, everyone wins as increasingly larger projects come online.


More on Your Business

 
Illuminating a New Field: Electrical Contractors as Lighting Designers

Ask a handful of electrical contractors how they feel about becoming active in the lighting design field and you are sure to receive a plethora of conflicting responses.


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Stay out of My Business!

The concept of a covenant not to compete is deceptively simple. During the course of employment, and for some time thereafter, the employee is not to compete with the employer's business within a defined geographic area.


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Rewiring the Industry

The electrical contracting industry's focus is shifting and expanding rapidly. Design-build jobs are making up a greater portion of industry projects and more electrical contractors are working in the installation of information transport systems (ITS).


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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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PVs Impact Building Operations

Photovoltaic (PV) modules convert sunlight directly into electrical energy. Integrating PV into a building will impact its operation. Not only will the PV system produce electric energy to serve building loads but it can also reduce the building's electric demand and air-conditioning heat load.


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Building Commissioning: On the Whole

“The basic purpose of building commissioning is to provide documented confirmation that building systems function in compliance with criteria set forth in the Project Documents to satisfy the owner's operational needs.


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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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