Electical Contractor

It's no secret that there's a work force shortage. If your key employees are demanding better compensation and benefits, you're probably frustrated. You know it's a seller's market and you can't afford to lose good people.

The National Association of Electrical Distributors (NAED) released an open letter to the electrical industry urging all electrical manufacturers to begin providing and maintaining accurate and timely pricing data through the Industry Data Warehouse (IDW).

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.

The government’s deregulation of five major industries—airlines, telecommunications, cable television, banking and electricity—has harmed customers far more than helped them, according to a study released by Consumers Union.

An owner approaches you not only for the electrical wiring of a new building, but also the highest-tech structured cabling system available for security, networking and e-access, including Voice over Internet Protocol (VoIP).

Whether you believe we’re having a recession, might have one or are just coming out of one, there are ways to make such downtimes less painful. Analyze your field labor force. How many full-time journeymen and apprentices are making you money?

You have many electrical requirements to meet when specifying panel boards, but is addressing the cost-effectiveness issue ever one of them? In facilities having indoor or outdoor areas with hazardous locations, there is a need for very substantial equipment, namely explosion-proof panel boards.

• Please refer to ELECTRICAL CONTRACTOR magazine for referenced illustrations.

What’s the key to financial health for the modern electrical contractor? While stakeholders value liquidity the most, it is not what electrical contracting firms build on to become successful. Look at your last balance sheet.