Last Chance to Help NECA Develop the 2020 Financial Benchmarker Report
Developed in partnership with the Construction Financial Management Association (CFMA), the NECA Financial Benchmarker is a report for electrical contractors to input their financial information and create reliable reports with financial comparison data. The report enables ECs to avoid hours analyzing fine details, manage company resources more efficiently, and make a good impression on bankers, sureties and other decision-makers.
Please complete a survey to provide valuable input in the development of the NECA 2020 Financial Benchmarker report. Linked below, the survey is confidential and should take less than 30 minutes to complete.
The CFMA has extended their deadline submission to June 15th.
Virtual Classroom: Providing More Options for NECA Members
Across the country there will be a lot of variation on the availability of in-person training in the weeks and months ahead, and to combat this NECA is bringing some of our most popular in-person classes, that we hold with NECA Chapters across the country, online! In June, members can attend the following classes.
Change Order Management
Tuesday, June 9, 2020 | 1:00-4:00 PM ET
Effective change order management can dramatically reduce a subcontractor’s risk and increase profitability. This interactive course explores the change order process from a subcontractor’s view point and provides participants with hands on training in recognizing, scoping, pricing, and negotiating change orders.
NECA has published a variety of resources to help an electrical contractor develop and document a claim. This course will use these documents to provide participants the tools needed to build a strong case in a claims situation. Following the class participants will be able to select and prepare appropriate methods of claim settlement tactics and evaluate and select a method of overhead recovery.
Cash flow is one of the most important issues facing contractors today. More companies go bankrupt due to cash flow issues than due to profitability. Many things can and should be done to improve cash management practices. We will explore a range of tools and techniques, from simple to complex, that allow firms to manage and control cash flow.
In addition, after a sold-out round of Revit Electrical and Navisworks Freedom and Manage classes, these classes have been added back on the calendar. With classes beginning June 15, don’t wait to register today! View the full schedule of software virtual classrooms and register here.
As a NECA member, we know you perform great work all year long. But there’s always a certain project that really stands out from the rest.
Maybe it was the most technically complicated, or biggest, or first of its kind, or maybe because it took a team effort to overcome the challenges and build something really special.
If your especially proud of a project your company completed in 2019, don’t miss this chance to tell your story!
NECA is accepting applications for the 2020 Project Excellence Awards (PEA) program. These awards recognize NECA member companies for their outstanding commitment, professionalism, and ingenuity in delivering an electrical project across 11 different market sectors.
For information about the Project Excellence Awards and to start the application process go to ProjectExcellenceAwards.com. It only takes a few minutes to submit your application online.
Applications submitted must be based on projects completed in 2019, submit your application today! The deadline is June 15th.
New Analysis Finds Composite Plans Would Have Fared Better During COVID-19 Than Traditional Multi-Employer Retirement Plans
A new study released today finds that composite retirement plans would have fared better during the coronavirus pandemic and related market declines than traditional defined-benefit multi-employer plans, allowing participants to receive higher benefits and attracting more employer participants. The study makes it clear that employees and employers stand to benefit once Congress authorizes the use of composite plans.
Premier Partner PPE Program for NECA Contractors
At NECA's request, Premier Partners Graybar and 3M are working hard to help provide access to an assortment of masks, gloves, glasses and disinfectant for NECA contractors and their workers. The initial list will expand based on requests from NECA contractors and we will include a "demand forecast tool" that will help us meet your needs during this time. To retain the integrity of this supply chain and access to genuine 3M parts, an order site will be available to current NECA member contractors.
We have created a dedicated page within our website with all of the information. Be sure to follow all steps outlined in the 'How to Order' section. To place an order, please complete the surveys at the bottom of the page. Currently, there are three surveys available for your PPE needs: June, July and August.
This webinar will discuss the proven techniques for you to transition your business and personal assets while saving money on taxes to preserve wealth.
This Technology Spotlight Series webinar will discuss tools for collection of crew hours, equipment usage and in-place quantities that can give real-time production data for project teams.
As safer at home measures start to relax and we focus on rebuilding, lean on your NECA UPS Savings Program to address logistics challenges and deliver the tools and resources you need to help your business come back stronger than ever.