[TheForge] materials vs. final cost

[Woolley]

Four times materials as a labor cost?  I'd be giving away my railings.  
And just about everything else come to think of it. IMHO this formula is 
way off.





Rich Maynard wrote:
> My tutor said 4 tmes materials for a farication job, 10 times materials for
> hand forged. Not as a basis for quoting, but it's a useful check I find.
>
> Richard Maynard - Artist Blacksmith
> The Forge, Much Hadham, Hertfordshire SG10 6BS
>  
> rich at muchhadhamforge.co.uk
> www.muchhadhamforge.co.uk
>
>
> -----Original Message-----
> From: theforge-bounces at mailman.qth.net
> [mailto:theforge-bounces at mailman.qth.net] On Behalf Of Andy Gladish
> Sent: 25 March 2008 21:26
> To: Sponsored by ABANA
> Subject: [TheForge] materials vs. final cost
>
>
> On Mon, 24 Mar 2008 07:36:33 -0700, Peter Hirst <saltydog335 at aol.com>  
> wrote:
>
>   
> Can anyone think
>   
>> of another craft where top quality materials represent less than 10
>> percent of  price?  So yeah, for the next order I take, where the extra  
>> quality will show, I am definitely in the iron market.
>>
>> I would be interested in knowing how other smiths'  economics --or 
>> math
>> --  compare to mine.
>>
>> Keziah
>>     
>
> About fifteen years ago I was doing a lot of very careful house painting  
> for very wealthy people.
> 10% was one of my rules of thumb- not applicable to everything of course,  
> but it averaged out about there.
>