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. 

In the quest for more sustainable energy practices, no technology is left out of the mix. For example, combined heat and power, also known as co-generation, has been around for many years, mostly in the domain of utilities and the industrial sector.

As estimators, we are sometimes called on to create and maintain schedules. Many of us actually hold the position of estimator/project manager, so we are wholly responsible for scheduling our own projects.


Telecommunications regulations have a long and storied history in politics and government, and it was recently declared that net neutrality falls under these previously established rules.

Rising energy costs, maturing technologies, simplified interfaces, government initiatives and utility incentives are all driving the predicted 29.5 percent compound annual growth rate of the global smart homes and buildings market, creating any number of opportunities for electrical contractors (ECs

Electrical Contractor Magazine

More on Your Business

 
The Facts of Power Factor
by Staff |
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A load or circuit with significant loads that have rectified inputs will most likely have a true power factor (W/VA) that is less than displacement power factor (cosine of angle between voltage and current).

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Connectivity in Universities
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Though the daily business pages of our nation's newspapers are peppered with headlines such as "Indexes hit new lows for the year," construction spending by the nation's schools experienced a $41.5 billion, or 14 percent increase in 2001, according to American School and University (AS&U) magazi

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Defects, Backcharges and Other Scary Things
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Problems in the major category In a prior article, I discussed "punch list" issues. Normally, these are matters that concern minor touch up, repair and completion. So what happens when the problems are in the major category?

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When Roll-Ups Crumble--Who Picks Up the Pieces?
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A renewed kind of electricaL contractor has been created—the successful entrepreneur who sold his company into a roll-up and then bought it back. That, and several large utilities that remain important on the contractor scene, is the residue of the 1996-2000 subcontractor roll-up craze.

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Managing Your Cash Flow in Good Times and Bad
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Why manage your cash now  Some contractors have said the construction market is slowing. Others report they are busier now than ever in the last 10 years. One contractor said this is the busiest construction downturn he has ever experienced.

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Kelso-Burnett Prepares for Its 2nd Century
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Since James Kelso and Oliver Burnett started pulling wire through the old gas pipes in downtown Chicago for electricity, almost a century has passed. "Founded in 1908, Kelso-Burnett Co.

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Data Collection for Profit
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In the past, the headline on this column would have turned off most estimators from reading further. They would have claimed this as part of the controller’s job. The facts of life, though, are that reviewing estimates before they become a binding bid is a relatively painless and simple procedure.

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