A rule of thumb is that employers need to charge three times an employee's hourly wage as a labor charge. That covers employee benefits, training, company tools buildings and other company overhead, and a reasonable profit.
If you don't plan to replace the bin, then I would think a partial payment for a "the price of a used bin" is actually fair to both parties.
If you need a bin and will replace it, then I would get three estimates for new bins and hold out for a new bin. When was the last time you had grain in the bin?
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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