Enhancing financial success among electrical contractors
This paper provides electrical contractors with significant information related to enhancing company financial performance. The methodology involves understanding the determinants of contractor financial success through: (1) an extensive literature review; (2) collection of financial- and management-related data from electrical contractors; and (3) analysis of data to identify management trends that are more prevalent in profitable firms. Ninety-six usable responses were collected from small, medium, and larger electrical contracting companies. General trends reveal that more profitable firms place greater emphasis in the areas of certain management initiatives (higher lines of credit and supporting continuing education), marketing initiatives (involvement in formal alliances and partnering), and technology initiatives related to spending more capital resources on computers and software. Significant differences are revealed with financial ratios as well. A Financial Success Scorecard is created for firms to compare their management inputs to those of successful firms. Findings from this study could provide helpful guidelines for nonelectrical contracting firms. Recommendations for achieving future financial success are also provided.
MARKETING IN THE CONSTRUCTION INDUSTRY: STATE OF KNOWLEDGE AND CURRENT TRENDS
Construction enterprises are aware of the importance of involving marketing in their management functions as a way to adapt themselves not only to the contin...
Observations of nearshore infragravity waves: Seaward and shoreward propagating components
[1] The variation of seaward and shoreward infragravity energy fluxes across the shoaling and surf zones of a gently sloping sandy beach is estimated from field observations and related to forcing by groups of sea and swell, dissipation, and shoreline reflection. Data from collocated pressure and velocity sensors deployed between 1 and 6 m water depth are combined, using the assumption of cross-shore propagation, to decompose the infragravity wave field into shoreward and seaward propagating components. Seaward of the surf zone, shoreward propagating infragravity waves are amplified by nonlinear interactions with groups of sea and swell, and the shoreward infragravity energy flux increases in the onshore direction. In the surf zone, nonlinear phase coupling between infragravity waves and groups of sea and swell decreases, as does the shoreward infragravity energy flux, consistent with the cessation of nonlinear forcing and the increased importance of infragravity wave dissipation. Seaward propagating infragravity waves are not phase coupled to incident wave groups, and their energy levels suggest strong infragravity wave reflection near the shoreline. The cross-shore variation of the seaward energy flux is weaker than that of the shoreward flux, resulting in cross-shore variation of the squared infragravity reflection coefficient (ratio of seaward to shoreward energy flux) between about 0.4 and 1.5.