Did you figure in the time it took you to complete the spread sheet?:):)
That must have added hours to the labor costs:)
> [Original Message]
> From: Richard Bittmann <edmyed@harbornet.com>
> To: healeys <healeys@autox.team.net>
> Date: 7/9/2006 4:03:27 AM
> Subject: Re: Rebuild Spreadsheet
>
> Ned, David & All,
>
> OK. Since it's time for true confessions.
>
> I built a spread sheet tracking Date, Item, Purchased from Whom, Amount,
> Method of Purchase (cash, check, visa, gas card) and State Sales Tax (for
IRS
> deduction) but no mention of the time spent obtaining parts and doing the
> actual restoration work.
>
> I built another spread sheet when I started the project which compared
costs
> from several suppliers side by side of everything I thought I needed, so I
> could find the most competitive prices (not accounting for quality which
can
> vary wildly). When I finished that spreadsheet, I informed my wife that
the
> project would cost $28,000 or so. That didn't sound too bad so we forged
> ahead.
>
> I've kept the cost spreadsheet up meticulously. Today, 3 years into the
> project, the cost for a complete concours restoration is double my first
> estimate. Tension in the family (my wife - the boys are 35 & 39 and are
too
> smart to say anything on this subject) is high. She is working harder than
> ever and I've never worked less (in our business that is). I have a huge
debt
> to her to overcome. To top it off, she is going with me to Healey
Rendevous
> Nelson 2006 (it think to put the icing on the debt).
>
> I've invested my time, our money and have put much at risk for this
project
> and it could cost me for the rest of my life! Let's hope it was all worth
> it!
>
> Richard Bittmann BJ7 Tacoma (future slave)
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