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. 

The United States is undergoing a major shift in the way it generates and consumes electricity. In the midst of such visible changes, strong metrics are enlightening—even if they are, in some ways, stating the obvious.


A prognosticator forecasting the end of electric utilities as we know them isn’t news. Economists and market researchers have been telling this fortune for several years. But when the people in charge of utilities corroborate those reports, it’s no longer a tale read in the tea leaves.

One of Ronald Reagan’s famous quotes about the philosophy of government bureaucracy was, “If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.”


A recent case ruled that the contractor’s markup for overhead on a change order covered all overhead, both field and home office. On first impression, this ruling may not seem unusual, but the facts of the case indicate an unfairness in the result.


More on Your Business

 
Your Firm: Portfolio of Businesses
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Electrical contracting firms are no longer the "single-product" firms they once were. For most of the history of electrical construction, the electrical contracting firm's market has been traditional contract construction and its customer base, predominantly general contracting firms.

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The Disappearing General Contractor
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There is an expression in the law that most litigation occurs because of missing facts or missing documents.

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Delegate or Suffocate
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Like many a novice, overworked contractor, I once found myself spread out on the dining room table making a takeoff when my teenage daughter asked if she could help. My first inclination was absolutely negative, but then I figured she could count symbols too.

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Six Sigma and Contractors
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A lot of marketing babble surrounds General Electric's Six Sigma process. When the delivery team needs a glossary as a handout, you know it'll take a while to figure how Six Sigma might help you. In this case, the effort might be worth it.

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Functionality Is Key In Systems Integration
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Complete system integration is critical for a successful company to operate properly. Each business application must be able to work together simultaneously or valuable data will be lost.

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Trends in Buying and Leasing
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An electrical contracting company is worthless on a job site without the proper people and the right tools. Equipping skilled employees with the appropriate tools and equipment at the right time is the difference between profits and disaster.

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Design-Build Strategies
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Using design-build as a project delivery method allows the electrical contractor to provide early input into the construction process and gives the contractor more influence over what product types and brands go into a project.

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