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. 

News coverage of the health insurance debate should serve as a reminder for electrical contractors that have not fully evaluated or updated their business insurance plan. At renewal time, it’s important to update coverage and implement a plan to meet out-of-pocket costs.


Photo from a Safety Stand-Down event hosted by Werner. Courtesy of Werner at www.wernerco.com/us.

From May 8 to May 12, the Occupational Safety and Health Administration (OSHA) will hold its fourth annual National Safety Stand-Down, a program started in 2013 to “raise fall hazard awareness across the country in an effort to stop fall fatalities and injuries,” according to the OSHA website.

Tesla aims to put an EV in every driveway, a Powerwall and EV charger in every garage, and solar tiles on every roof.

Tesla has made a name for itself in the world of electric vehicles (EVs) and green energy.

Quality electrical contractors understand true success requires a combination of essential elements. That must include safety. More than 4,500 workers are killed on the job every year, according to the U.S. Department of Labor. Some of them, sadly, are in the construction industry.

More on Your Business

 
Phases of the Moon

Consider other key factors when diagnosing:


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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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