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Digg It - Electrical Contractors Bid Big and Profit with Industry Partnering
With good planning and preparation, electrical contracting companies can submit their quotes for big projects they have always wanted – or must have to grow. All that is required is sufficient lead-time and a knowledge of ind
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ustry partnering on the supply side of materials and manpower. Spend the next five minutes reading the article and you will see there are options, both achievable! You will also read about a growing industry many electrical co
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ntractors are discovering to help propel them to the top with minimal financial, overhead and legal risk.
Risk and reward: You must “take it to get it”
The scenario is you have grown your business with the proper mix
Risk and reward: You must “take it to get it”
The scenario is you have grown your business with the proper mix
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
of office personnel and electricians, have decent cash flow, and enjoy an amicable working relationship with your materials supply house(s). You have your estimating fundamentals down and your business is cruising along at a g
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
od pace ready to advance to the next step. Your willingness to accept risk is going to place your business over the top or keep you in check. Which way do you go? Are you comfortable or are you ready to progress in the electri
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
cal contracting industry? If your answer is “no” - stop reading here. Otherwise, go on to the next step…
Opportunity
Steven Covey said it the best, “Effective people are not problem-minded; they're opportunity minded.
Opportunity
Steven Covey said it the best, “Effective people are not problem-minded; they're opportunity minded.
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
” Maintaining the status quo simply obstructs growth. In a 40-hour workweek, a couple of office support personnel and ten electricians in the field can easily handle a manpower availability factor of ten electricians. With ove
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
time - in perfect conditions - you can squeeze overtime at fifteen man-days (ten at 60 hrs/week) out of your crew and still keep projects on schedule over a short-term period. Now the big knock at the door sounds and an opport
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
unity to grab a big project presents itself. You find you have a requirement for an additional ten electricians to handle the job. Your current crew is stretched to the point of diminishing return. You have a few options; turn
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
the work down and maintain the status quo or go with one or a mix of the remaining two below:
In-house: Focus on the people and the job
OK, start your clock and watch it good! Bid and allow lead time to advertise, dr
In-house: Focus on the people and the job
OK, start your clock and watch it good! Bid and allow lead time to advertise, dr
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
g screen, check references, test for knowledge, interview, notify your worker’s compensation insurance company, gather social security, federal, state tax withholding information, perform payroll functions and then hire to dou
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ble the size of your staff before the project start date. This will, of course, take time away from getting your materials take-off list in order, ironing out job details with the GC, attend planning meetings, pull permit(s) a
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
long with other miscellaneous tasks. You decide to bring in an additional part time office employee to assist the other two already focused on their full-time functions. Also, consideration for the post-project issues must be
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
factored in, like handling unemployment forms, adjusting your worker’s compensation insurance, letting workers go, etc. OK, stop your clock; count the days juggling schedules, whew! Next option is for those ready to throw awa
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
the pain and hassles or effectively managing human resources.
Outsource: Focus on the job – not the people
Have time to place one five-minute phone call and want to focus on job preparation, not human resource headac
Outsource: Focus on the job – not the people
Have time to place one five-minute phone call and want to focus on job preparation, not human resource headac
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
hes? Call an electrical staffing company and have the right skill sets assembled for you with all administrative burdens delegated. The price, you ask? Slightly marked up but, it includes the price you would pay for all of the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
insurance, overhead, payroll, time tracking, advertising, and recruiting duties incurred. By taking on the big job, your return on investment will be surprisingly large by rolling in the known manpower cost. You will have the
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
freedom to focus on the job and maintain your current employee base to supervise job site duties. Do you want more work without added administrative headaches? Want others to handle hiring, replacing, and termination of employ
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ees and avoid legal pitfalls with tax and insurance issues? If yes, then select a staffing agency that has licensed electricians in the office who understand what it’s like out there in the real world. Speaking of risk, multi-
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
trade staffing firms let a “staffing technician” hire your electricians. Demand an Electrical Contractor and Master Electrician - backed by human resource experts - hire the specific electrician or electrical crew you require
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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