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. 

Last month, I wrote about basic considerations for processing change orders. Now, it’s time to dig into the details. Let’s start from the beginning.
 The contract


Every four years, the American Society of Civil Engineers (ASCE) releases its Infrastructure Report Card, which grades the condition and performance of infrastructure in the United States.

While President Trump campaigned on a promise to boost opportunities for fossil fuels and revitalize the coal industry, market forces might already have limited his opportunities for fulfilling that pledge.

While the Maryland state legislature debates whether or not to extend the EmPOWER Maryland energy efficiency program, the American Council for an Energy Efficient Economy (ACEEE) has released multiple studies encouraging it to continue.                                           

More on Your Business

 
We'll Keep the Light on for You

Do you remember in the movie “A Christmas Story,” the dad wins a “major award” that turns out to be a table lamp shaped like a woman’s leg in a mini skirt? Classic! Think of this issue of ELECTRICAL CONTRACTOR as a major award on the topic of lighting.


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Finger on the Pulse: Managing Inventory From Mobile Phones

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.


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Why Manipulate The Economy?

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.


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Mothballs: The Ins and Outs of Extended Holds

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.


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Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.
Cool Tools: Renting Tools And Equipment

These days, almost anything can be rented, and the rental industry has done a good job making consumers and business owners aware of the benefits of renting versus owning.


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Editors' Pick
Electrician to Elected Official

They say there is nothing like the satisfaction of a job well done, and electrical construction is often grueling work. It can occupy every waking moment and sap every ounce of strength.


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The Sharpest Tool in the Shed

Merriam-Webster dictionary defines “tool” as “a handheld device that aids in accomplishing a task” and “something (as an instrument or apparatus) used in performing an operation or necessary in the practice of a vocation or profession.” We like to think that ELECTRICAL CONTRACTOR fits both of those


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