Re: How do you quote price on a custom restoration?

Posted by Bill Smith on February 13, 2003 at 21:16:51 from (63.147.130.146):

In Reply to: How do you quote price on a custom restoration? posted by Fred Kobs on February 13, 2003 at 19:31:00:

Not in the custom buisness but I can see your delima. No 2 simular tractors are going to restore out at the same cost. I assume your unknown trouble lies within the parts or mechanical end of things. I would only give estimates on paint prep and painting and the nescisary tear down and reassembling time for that. Owner pays for unknown parts needed but would be informed before you get the parts. And any mechanical work done other than tear down and reassembling for paint would be done on a hourly rate. The bad part of a custom restoration is the owner ends up spending more than the tractor is worth when it gets done because of hiring it done. They need to know this going in. They need to realize that they are going to spend an unknown amount (more than the tractor will be worth) right up front. You need to work with people, where money is of no object. If they want to pench dimes and nail you down to an exact estimate then I would tell them to get down the road before I even turned a wrench. I would instruct them up front and be sure they fully understand and they are agreeable to spend whatever it comes out to be. And if they don't, then you don't need to work for them anyways. They will likely go down the road and find another sucker to do it that will give them a precise cost but you know what the outcome will likely be? Yep, bad news. Just not hanging on your head.

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