Electical Contractor

Growing numbers of electrical contractors are trying out new technology to increase their efficiency—some products with more success than others. But the CAD (computer-aided design) system has become a staple that contractors cannot ignore.

Electrical contractors can obtain needed equipment by purchasing it, leasing it or renting it. Electrical contractors use each of these three equipment acquisition methods every day and each method has its advantages and disadvantages.

It’s almost certain your company will add equipment and tools to its inventory this year. What’s less certain is whether you will buy outright or lease. Neither choice is all good or all bad, but the result will make a difference on your balance sheet and tax statements.

Growth during a recession is not an absurd idea Electrical contractors are a debt-resistant group. Past and future company leaders often clash over whether to assume debt. The former is proud of having no debt, the latter knows that it’s a tool for growth. Who is right? They both are.

The 2002 Financial Performance Report (FPR), compiled by NECA from financial data reported by electrical contractors for the 2001 year, is a valuable business tool.

When it comes to moves, adds and changes, most customers can’t or won’t do what it takes to cut costs. As a result, many VDV contractors are surviving tough times thanks primarily to MACs work.

With a stalling economy and rising utility costs, saving money has become the most common objective of business owners. For electrical contractors, that equates to a shifted focus on upgrading existing electrical systems rather than on new construction.

For every sweltering summer there is a bone-chilling winter. In construction, contractors enjoyed tremendous growth and profitability during the late 1990s and early part of this new century. While it lasted, the ride generated widespread prosperity.

DURHAM, N.C. and MORRISTOWN, N.J., Dec. 11 /PRNewswire/ -- Chief Financial Officers of U.S. companies are much more optimistic about the U.S.