Quote: $500 labor on the engine ??? 3275 for parts ??? What about machining costs ?
$35k may not be too far off but it should be understood that it is just an estimate. I would not guarantee the total cost of a job like that. I would charge him your hourly rates and bill your hours and costs on parts and material weekly and let him pay as you go. He would have to trust you to keep accurate track of your hours and can't argue too much about costs of materials and parts. Let him make the decisions as to what parts to restore or replace. It's bound to add up to more than you can estimate and your customer could not get more fair of a deal.
