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. 

On July 26, 2016, Schneider Electric introduced its New Energy Opportunities (Neo) Network, an online networking tool designed to help companies find the best renewable energy solutions for their business.    According to a video released by Schneider, NeoNetwork has three main functions.

Government plays a leading role in the growth of smart technologies. Columbus, Ohio, recently showed off some of its smarts by winning a national competition of cities that focused on the use of smart technology in the transportation sector.


The future role of coal has always been a central question in the larger discussion about climate change and renewable power. Some envision a future without coal entirely, but that scenario has not always seemed practical.

We began coverage of our biennial Profile of the Electrical Contractor survey last month with a discussion of demographics and trends in the age of today’s electrical contractors (ECs) and their firms, along with the types of work our readers are doing.

More on Your Business

 
Keeping Your Corporate Veil Intact

Most electrical contracting businesses are organized as corporations, using the “corporate veil” to protect the personal assets of shareholders from corporate debts or liabilities.


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Saving Time and Money

With urgent deliveries to dozens of job sites around the area and your customers depending on you for the timely completion of their projects, your fleet cannot afford to be on the sidelines.


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Closing the Circle

We get so used to terms of art in our professions that we sometimes fail to understand that others do not subscribe to the same definitions. “Field engineering” is one example. Does that term simply mean field routing or does it also imply some degree of design effort?


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Contract Maintenance

For electrical contractors, maintenance means more than sweeping the warehouse floor. Service work is becoming an increasingly important and lucrative part of their business.


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Procurement Management in the Electrical Contracting Industry

The electrical contracting industry is facing a fork in the road with supply-channel management. In their historical roles, distributors play the part of a wholesale/retail combination for electrical components while hoping to be profitable through speculations (currently on steel and copper).


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Estimating Under Pressure, Part 3

The simple days of “base bid only” are long gone. Today’s bid form is alive, changing on a moment’s notice and getting meaner every day. It doesn’t know who you are and it doesn’t care how you laid out your estimate.


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Getting Started in Design-Build

“We’ve always done design-build. Everybody’s done it. A customer calls you up and says, ‘We want to do this.’ They are usually doing remodels. That’s how it starts. Now we do complete projects, out of the ground. It’s a lucrative, competitive priced method that is fair to all,” said Jeffrey L.


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