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.
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.
Information technology (IT) is being used increasingly throughout business to improve productivity and has the potential to do the same for electrical contractors. IT can increase effectiveness by improving communications and streamlining work.
These days, if you’re doing only wiring and cabling, you’re probably in the minority. Many electrical contractors wisely continue to expand their customer base, capitalizing on a variety of market upswings in low-voltage systems and services.
In 1996, Congress passed the Telecommunications Act to “provide for a pro-competitive, de-regulatory national policy framework designed to accelerate rapidly private sector deployment of advanced telecommunications and information technologies and services to all Americans ...” That’s all well and g
A renewed kind of electricaL contractor has been created—the successful entrepreneur who sold his company into a roll-up and then bought it back. That, and several large utilities that remain important on the contractor scene, is the residue of the 1996-2000 subcontractor roll-up craze.
Why manage your cash now Some contractors have said the construction market is slowing. Others report they are busier now than ever in the last 10 years. One contractor said this is the busiest construction downturn he has ever experienced.
The key to profitably pricing service work is knowing the true “street cost” of running your service department, which, simply put, is the cost incurred fulfilling your customers’ needs and expectations.
“California Adventure was 30-40 projects for us, and probably the most challenging project we’ve had at Morrow-Meadows due to the complexity, schedule and the logistics,” said Rob Meadows, executive vice-president, Morrow-Meadows Corporation, a Southern California-based company.
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).
Six Sigma is a program for improving manufacturing quality developed by Motorola in the mid-1980s and adopted and expanded by General Electric (GE) in the 1990s. Today, Six Sigma is being used by a variety of other well-known manufacturing firms as well as all types and sizes of service firms.
Just a few years ago, knowledgeable electrical contractors believed that the trick was to virtually “give away” an initial VDV installation, and, by landing a service contract in that way, capitalize for years on the very lucrative moves, adds and changes (MACs) that followed.
The Malcolm Baldrige National Quality Award (MBNQA) is awarded annually to recognize firms that have achieved overall excellence in leadership, organizational effectiveness, operations and business results. Congress authorized the award in 1987 through Public Law 100-107.
Does this sound familiar? You’ve won the bid to provide light fixtures or switching gear on a major project. Components have been arriving at the job site in anticipation of a specific start date. Your crew is assembled and ready to hit the ground running.