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. 

Second to electricians and project managers, the most important assets on any work site are equipment and tools. But until recently, tracking them—in the warehouse, in trucks and vans, and on the job site—was a paper-, pen- and phone-based operation.

My September column, “America’s Money,” explained the basic structure of the Federal Reserve, including the 12 Federal Reserve Banks, Board of Governors and Federal Open Market Committee (FOMC). All checks are cleared through this system.

Hundreds of jobs have been “mothballed” or put on an extended hold status. It occurs with home-renovation projects, power plants, marinas, dentists’ offices and automobile manufacturing plants, to name a few. Every case is unique, yet almost all instances eventually boil down to money issues.

Understanding and accepting 
change is important in any walk of life, but especially so in electrical construction. I’ve seen how innovations in technology have affected the men and women in my business, and it’s exciting to be a part of it.

More on Your Business

 
Up for Grabs

Two trends are converging for electrical contractors that offer lucrative opportunities—building owners are increasingly investing in intelligent building technology while, on the other hand, they are contracting out for building maintenance once done by company employees.


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Building Your Estimating Database

Even with the best software, training and proficient users-a program is only as good as its parts database. A parts database must be accurately built and consistently managed. Just like your company trucks, it is an important tool.


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Power House

Distributed generation (DG) is the process of generating electricity at or near the point of use. Examples include solar energy and wind-powered systems as well as natural gas fueled technologies.


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The PQ Life Cycle

Though the rules of Kirchoff's and Ohm's Laws are always the same, the emphasis on power quality (PQ) changes throughout a facility's life cycle and equipment within.


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Leading the Charge

In today's market, many electrical contractors choose design-build as their project delivery method, and they have solid reasons for doing so. “Essentially you separate yourself from your competition,” said Jim Mackey, president of Evergreen Power Systems, Seattle.


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Trends in UPS Systems

Between a troubled public utility power grid, unprecedented demand for power by a growing population and the need to protect an increasingly digitally dependent economy, everyone from major manufacturing facilities to homeowners are recognizing the need and value of the protection and capabilities


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Being Green: LEED Certification

The U.S. Green Building Council (USGBC) is an industry organization made up of many parts of the construction industry including owners, designers and contractors.


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