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Ideal Jobsite Inventory Levels to Improve Profitability
Electrical contracting is a risky business. The contractor has to constantly balance between its relationship with labor, the general contractor, distributors, manufacturers, architects, owners, banks and many other constituencies.
Improving Combined Time-Cost Forecasting Capabilities for Contractor
Contractors must carefully manage cash outflow (e.g. for materials to enable their work) and inflow (after the work) to be profitable, especially in the current economy. The importance of cash flow for business success is undisputed, as bankruptcies due to insufficient cash flow underline.
Measuring the Labor Productivity of Electrical Contractors
This study introduces practical and simple ways of measuring labor productivity in a contractor’s organization at different levels of detail.
Optimal Operational Model for Electrical Contractors
The purpose of this research was to investigate the productivity improvement principles used in various industries and to suggest implementable models for use in the electrical construction industry. The research was very successful.
The Impact of Variation on Electrical Contractor Profitability
Reduction of variation (or six-sigma operation) has helped many industries lower cost and improve productivity. By controlling variation in many aspects of their work, numerous industries have been able to stay competitive against international low-cost producers.