Watching the market can be helpful One of the operations that is part of the estimating process is researching the most competitive material prices for a large variety of items. Some sources estimate that in excess of 100,000 individual listings would not be an unreasonable content.
Concerns about the efficiency and reliability of electricity are prompting new responses by federal and state government agencies, utilities, associations and product manufacturers. They could provide new business for electrical contractors if you can position your company for these opportunities.
New utility business regulations could affect you Is electric transmission a natural monopoly or not? Does the Federal Energy Regulatory Commission (FERC) have authority over states and utilities to order restructuring and regulation of transmission systems?
Handing over the family business is never easy Electrical contracting firms are mostly small family businesses and are going through a generation transition in the United States. It is predicted by the year 2013, nearly $4 trillion in assets will be transferred to the next generation.
Know when it’s time to sell ‘old bessie’ If you’re a typical electrical contractor, you’ve probably accumulated fixed assets as the business grew. Calculating ROA, or Return On Assets, will make you aware of just how fixed asset-heavy your company has become.
Submeters are installed after the main utility meter to gain additional information regarding energy usage inside a facility, according to Don Millstein, president of Langhorne, Pa.-based E-Mon Corp. Estimates for the submetering market are primarily based on existing facilities, although U.S.
Estimation, training and planning put you in the black What helps make your electrical contracting business profitable? Is it your estimating prowess? Is it your ability to buy your project equipment at the best price and sell it at a good profit? Is it your ability to find and keep good people?
You have to admire the copper cabling people for their tenacity—they never give up. In spite of hearing for the last 15 years that copper has no future, they persist in developing new technology that allows copper, like the mythical Phoenix, to rise from the ashes as strong and viable as ever.
This year should stay even with 2003, with a dip in housing and an upward blip in nonresidential. However, 2005 may be a big year all around. Bureau of Labor Statistics data claims 781,400 field workers were employed in electrical construction, on average, from July through September of 2000.
At the recent Power Quality World Conference, I chaired a session on “Specifying and Purchasing PQ Equipment.” Afterward, I met one of the presenters from an electric utility who said he planned to bring his lawyer with him to the session the next day.
Safety violations on a construction site or multi-employer work site often present a dilemma regarding responsibility. Who pays? When it comes to the Occupational Safety and Health Administration (OSHA), the answer is everyone.
When considering the various financial institutions we personally deal with each day, such as banks and investment corporations, we immediately think of how much security is involved to protect the financial assets held in, or controlled by the institution.