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 energy innovation enjoys a surge of popularity, one crucial element is still lacking: financing.

On a $28 million infrastructure contract, a contractor suffered an $11 million loss because of high charges by the utility companies for their part of the installation. The contractor, it turned out, got no remedy in court and, therefore, no means of recouping this major loss.


Along with many new trends that electrical contractors are finding themselves involved with these days, there are some surprises. While ECs have traditionally wired the power for elevators, much of the work has been left to mechanical contractors.

According to the Consortium for Energy ­Efficiency’s 2013 State of the Efficiency Program Industry report, “U.S. and Canadian combined gas and electric Demand Side Management program budgets reached $9.6 billion in 2013, representing a 2 percent increase over 2012 DSM budgets.

More on Your Business

 
Apply the Test of Reasonableness
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Today’s power quality (PQ) monitors are capable of capturing more data in a second than could be humanly processed in a day.

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Interactive Quote Program Tracks Whole-Project Orders
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Does this sound familiar? You’ve won the bid to provide light fixtures or switching gear on a major project. Components have been arriving at the job site in anticipation of a specific start date. Your crew is assembled and ready to hit the ground running.

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Migrating to Fiber
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It seems as if it was only a decade or so ago when “migration” refered only to birds (or perhaps retired people) heading south for the winter. Now, the term “migration” has taken on a whole new meaning.

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Article 210 - Branch Circuits
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Please refer to Electrical Contractor magazine for illsutrations. Required Outlets Provisions stipulating the placement of receptacle outlets are covered in 210.52 through 210.63.

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What Are You Releasing?
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It is common practice in construction for an owner to require lien releases when payments are made. This way, the owner hopes to obtain assurances that the general contractor has paid its subcontractors and suppliers.

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Electronic Pricing Links Contractors to Distributors
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This is the last piece in a series on companies marketing e-commerce services to electrical contractors. We’ve been able to limit this coverage to four columns because so few companies now seek to provide these solutions.

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Applying the IS0 9000 Quality Management Principles
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This article focuses on the principles on which an electrical contracting firm’s quality management system (QMS) should be based. QMSs are the focus of the 2000 edition of the International Standards Organization (ISO) 9000 series of quality standards.

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