Reply by Obi

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Posted on Counting The Cost: Estimating Questions

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2213 posts in 4237 days

#1 posted 02-01-2007 06:24 PM

Well, Professor, this is actually how I do it. Customer wants a widget, he shows me a picture of the Widget he wants and the price that it sells for from Widgets-R-Us, the mass producer of widgets. I will tell him that I’ll make the same widget, out of solid oak for the same price he’s paying to the Widget Company plus what they’d charge for tax and shipping. He isn’t getting it any cheaper but he IS getting a better hand-made Widget.

I usually don’t do very well on the first one, because I’ve never made that particular Widget before. I should probably do a mock up but I don’t have the time or the extra material.

I made about $300 on that DVD cabinet and it took me about 4 days. Not too bad for a rookie

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