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. 

Most taxpayers know the Federal Reserve Board of Governors meets periodically to set interest rates, but too often, they leave the deeper analysis to economists.

Various internet sources claim that adults make an average of 35,000 decisions each day. While that total may be in dispute, it highlights the constant activity our brains are in deciding on matters both inconsequential and life changing.

This tunnel lighting is part of Birmingham’s total lighting upgrade.

The City of Birmingham, Ala., announced a new project designed to upgrade its current public parking garage lighting to energy-efficient, connected light-emitting diode (LED) lighting. The retrofits are expected to save about $375,000 per year.


Credit cards typically apply interest to late payments. This interest factor, which may be 18 percent or more, can be viewed as a form of liquidated damages (LDs). The base amount owed is not liquidated, because it depends on your balance, but the percentage is liquidated, or fixed, by agreement.

More on Your Business

 
Lease is More

When it comes to leasing or buying construction equipment, how can you decide which plan is best suited for your needs?


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Smart Buys

There are many estimating software systems on the market, competing for your money. Accubid, ConEst, Estimation, McCormick Systems, Timberline, Vision InfoSoft—the list goes on and on.


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Blocking and Tackling

When sport teams begin their training camps, they usually start with a return to the basics. For football, it is blocking and tackling.


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Energy Codes

The energy consumed by residential and commercial buildings represents a significant portion of the total energy used in the United States. Energy drives the U.S. economy and demand will continue to grow along with prices and environmental concern.


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Report From the Underground

Horizontal directional drilling (HDD) is an innovative “trenchless” construction procedure. It has been in use for a dozen years to make trenchless installations of cable, conduit and duct in areas where surface improvements or crowded utility easements make excavation impractical or impossible.


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The Aging of the Electrical Contracting Industry

As the baby boom generation ages, so does the leadership of the electrical contracting industry, emphasizing the need for retirement and succession planning.


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A Likely Pair

Combining technologies has allowed many systems to become part of the mainstream. One of the latest of these opportunities, is the conglomeration of power over Ethernet (PoE) with radio frequency identification (RFID).


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