2024 Finacial Benchmarker Survey

Deadline is this Friday

In partnership with the Construction Financial Management Association (CFMA), NECA is asking member contractors to complete the CFMA Financial Benchmarker survey for industry research purposes. The report provides an in-depth analysis of key financial data and provides an industry standard that can be used for change order negotiations, audits, claims and more. The survey is confidential and should take less than 30 minutes to complete.

You can rest assured that your information is kept confidential! The only people who can view uploaded company financials are the person who submitted them and the company that analyzes the information (Industry Insights)

The deadline for feedback is no later than June 7th.

For other questions about the NECA Financial survey or the benefits provided to participating companies, please contact Mike Elek, melek@cfma.org.

EDUCATION

EVENTS

Jul 15, 2024 - Jul 17, 2024

Intercontinental Boston510 Atlantic Avenue

Boston, MA.

The 2024 ELECTRI International Summer Council meeting will be held in Boston, MA, July 15-17. During the meeting, we will hear updates on our current research projects and vote on new research proposals. The agenda will also include contractor panels, TED Talks, and breakout sessions.

The Intercontinental Boston/ Rooms are available for $350 per night plus taxes and fees.

A housing link will be sent in your email confirmation. If you have any questions, contact Laura.Holmes@electri.org 

Register Now

Now Available: 2023 Financial Benchmarker Report

The highly anticipated 2023 Financial Benchmarker Report is now available! This is a detailed publication providing a comprehensible analysis of key financial data within the electrical construction industry. The Report allows contractors and financial professionals to evaluate their company’s performance and report on how it compares with the industry in regard to key ratios and interpretive commentary on liquidity, profitability, leverage, and efficiency. 

Purchase Now

Please contact education@necanet.org with any questions!

Document Crunch

Contractors who sign up for the service will have exclusive access to an ELECTRI-specific solution through Document Crunch’s innovative platform.

Watch Demo Video



If you have any questions, feel free to reach out to Nancy Sheehy at nsheehy@documentcrunch.com.

Sign Up for Access

ELECTRI Updates



2024 Roatan Cross-Border Recap

ELECTRI May Recap

ELECTRI Happenings

Wesco International has just launched a $100,000 scholarship program in partnership with ELECTRI International to support the next generation of skilled tradespeople in the U.S. electrical industry. Learn More about the NECA and ELECTRI Project Management Apprenticeship by contacting Anna Jochim.

Welcome to Helen McKinley: ELECTRI is pleased to welcome Helen McKinley to our team. Helen will serve as the Administrative Assistant for ELECTRI, and you should be hearing from her in the near future on matters such as pledge payments. She can be reached at Helen.McKinley@electri.org. 

New ELECTRI Research Engagement Hub! In order for ELECTRI’s research projects to provide valuable information, we need input and data from our contractors. ELECTRI has created a new webpage, the Research Engagement Hub, which will be updated throughout the year with new opportunities to be involved with ELECTRI’s research efforts. Please bookmark this page and visit it frequently to take part in ELECTRI’s research initiatives.  

Remember to Register for the ELECTRI Council Summer Meeting, July 15-17^th in Boston. With well over 100 registrations, rooms are filling fast. If you have any questions, contact Laura.Holmes@electri.org .

Check Out ELECTRI’s NEW Standard Operating Procedures (SOPs) Research:

Inconsistency breeds inefficiency’ is a fundamental principle that resonates across various industries, including the electrical construction industry, emphasizing the importance of standardized processes. SOPs set up the project for success by establishing consistency, standardization, teamwork, and a shared vision for how projects are executed. With the shortage of workers and the generation changes, SOPs are becoming critical for the success of the project (productivity, cost, schedule, quality, and communication, among others), transferring skills, and the overall continuity of contractors.

ELECTRI appreciates your assistance with this research. If you have any questions about the research, please contact Amanda Harbison, ELECTRI’s Director of Research, at Amanda@electri.org.

In this research project, we developed SOPs for five essential activities:

• Daily Logs: Daily Logs serve as a pivotal component of daily operations on a construction project, providing a comprehensive record of activities, resources, and events.

• Procurement: Efficient procurement processes are crucial for ensuring a steady supply of materials and services to a construction project.

• Lookahead Schedules: Lookahead schedules are a forward-planning tool that allows electrical contractors to anticipate and prepare for upcoming tasks and challenges.

• Change and Additional Tickets: Change is the only constant on construction projects. Changes and additional tickets often arise during project execution, necessitating adjustments to the original plan.

• Document Management: Effective document management is foundational to organizational efficiency, compliance, and knowledge preservation and transfer.

Additionally, we created an SOP template for construction activities and developed an SOP-Pro tool to assist electrical contractors in creating their own SOPs. Finally, recorded videos are available to explain the research deliverables. Click Here to find the report and all the tools!

ELECTRI International Quick Links

ELECTRI Meetings    ELECTRI Research    Council Room Sessions  Prefab 101 Videos    

ConTech & Coffee/ITea & Coffee  Think Like A Leader   

Construction Industry Alliance for Suicide Prevention

It is an unfortunate fact that construction has the highest rate of suicide of any industry in America. We lose about 53 out of every 100,000 members of our industry EVERY YEAR to suicide. We are four times the average of other industries. We have a crisis in construction and we need to do something about it. You can visit the Construction Industry Alliance for Suicide Prevention website and learn more. We urge all to take the pledge to STAND UP for suicide prevention and address it as a health and safety priority.

CLICK HERE FOR A "Stand Up for Suicide Prevention" Information Sheet.