The coronavirus (COVID-19) is deeply impacting communities, families, and individuals across the country. The CDC and local authorities have issued guidelines around best practices to protect our communities from the spread of COVID-19. In this note, we want to share some best practices electrical contractors can take to protect their businesses from the financial and operational risks posed by this pandemic.
As an electrical contractor, you’re used to uncertainty - project delays, overdue payments, and unexpected work interruptions are a part of life. But COVID 19 and the market uncertainties it’s creating are different.
A potential recession might cause a cash crunch. A slowdown in construction spending might be on the horizon, quarantine might prevent workers from getting work done, and there are reports of materials supply chain disruptions and cost increases.
We deeply care about our community and the many hardworking people that work tirelessly to make sure classrooms, homes, hospitals, and offices are lit up. The work you do is essential to the fabric of our society. To make it through this time, it’s vital that you cut inefficiencies and control expenses in areas you can control.
Your two biggest cost centers are labor and materials. Here are some of our recommendations for how you can work through labor and ordering challenges:
At Agora, our mission is to empower electrical contractors with world-class technology that saves time for their field and office teams. Our goal is to help you increase profits on every project. In a time of uncertainty, I hope you will find our platform a reliable resource for helping you achieve cost reductions and navigating the risks of COVID-19.
If you have any questions or would like to request a free assessment of how you could save costs across your field and purchasing teams, don’t hesitate to reach out to firstname.lastname@example.org.
We’re all in this together,
Co-Founder and CEO of Agora