Insights Magazine

One of the keys to learning how to protect your business and personal assets from lawsuits is to understand how lawsuits work. The proceedings of a lawsuit can be broken into six simple steps.
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In recent years, the total number and rate of work-related Musculoskeletal Disorders (MSD) or ergonomic injuries in construction have increased significantly.1 With an increase of 12%, this data highlights the need for both employers and employees to focus more of their attention to ergonomic safety. According to the Center for Construction Research and Training, there is a 19% employment increase for electricians projected through 2024. Why is this significant? It equals more than 81,000 new opportunities to improve safety right at the beginning of these apprentices’ careers.
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The year was 1927. Charles Lindbergh flew the Spirit of St. Louis across the Atlantic and Henry Ford, following the success of the Model T, released the mass production Model A with over 400,000 sold in the first two weeks. The United States, flush with cash from the economic boom nicknamed the ‘Roaring Twenties,’ was completing federal projects such as the Holland Tunnel under the Hudson River, which connected New York and New Jersey, and starting new projects such as the Mount Rushmore federal monument. There were smaller developments too, such as the construction of a veterans’ hospital in Rep. Robert L. Bacon’s Long Island district.
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A construction CPA recently told me about a contractor with a rock-star income statement. Every job was profitable, and it was propelling them into bigger and bigger projects as the business continued growing – until they folded. Why? They ran out of cash. Like too many construction companies, they didn’t have a profit problem; they didn’t have a spending problem; but they did have a cash flow problem. And more than likely, they could have prevented it.
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Looking in the mirror at the end of the day can be a painful endeavor for leaders. It’s that raw moment when they drop the “fake it till you make it” smile. They let their anxiety seep through their pores and wonder out loud just exactly how much stress, frustration, life lessons, and wrinkles they will physically endure before they hit their target numbers or shake hands with their next investor.
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It is important for us to be aware of technological advancements to ensure the solutions employed on projects are the latest available for the safety of electrical workers and the reliability of the electrical distirbution system. These technologies can not only save lives but also a lot of money for owners.
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Hawkins Electric Service, Inc., the award-winning, family-owned regional electrical contracting firm that helped pioneer the introduction of electrical service in the Washington, D.C. area, is celebrating its 100th year in business in 2018.
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Our world is rapidly changing. Deployment of more renewable energy across the globe is reinventing the way we produce and transmit power and, as a result, making our cities smarter. The incredible proliferation of information technology is permeating all types of equipment and applications. The confluence of these megatrends is creating the new energy Internet around us.
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The new era of electrification is introducing an entire suite of electronic products, sensors, and connected devices that are susceptible to damage from electrical surges, also called transients: electric vehicles are replacing internal combustion engines; space and water heating in buildings can be converted to heat pumps or electric resistance heating; indoor agriculture may boost demand for lighting and HVAC equipment, which may necessitate grid upgrades; and industrial heating and automation can both increase electricity demand.
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With new advancements in technology happening every single day, our lives are being shaped by new apps and devices that we never knew we needed until we used them once and asked, “How on earth did I live without this?” Technology and culture is evolving so fast that it has become difficult to try and wrap our heads around the speed of change that we are experiencing every day.
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