What is a fair price to quote base on value of item subject

[Roger Koh]

What is a fair price to quote base on value of item subject to third party approval!

Picture #1 - The Brand

Picture #2 - The Style

Picture #3 - The Damage with an $8000.00 price tag

Picture #4 - Mission Accomplished!

Customer remarks on picture #3.
“Yet another view.
These are nearly $8000.00 chairs regular price.
They are one of a kind because these are no longer being manufactured”.

This damage was unfortunately caused by Water Damage Restoration Company that handles this leather to save the carpet.

At what percentage of original cost do you think is a fair price on condition that their customer (third party) must be happy to the repair!

Roger Koh
Leather Doctor® System.

 

[Jack May]

Tough one Roger.

I guess it depends on your 'normal' charging system. If they can call you off the bat and get some 'indicative pricing' then you can't do too much.

On the other hand, if you always give a per repair cost, without it being broken down into labour, materials etc then you can determine what it's worth to you.

I stopped charging by the hour a couple of years ago and for specialist work, it's a much better system, at least for me.

On high dollar value items like my gold nail polish on a $10,000 suite, I ended up around the 10% value.

That always becomes a starting point for me and then factor in other risks like can it be done on location ( not my preferred choice) risks of transporting, client attitude, my experience level with the scenario etc.

Maybe a pricing thread may be of help to us as a general guide.

John

 

[harryhides]

IMO, it depends on a few things and no doubt others here will chime with various opinions.

For example, Carpet Inspectors typically charge 10% of the cost of a defective carpet that they have "saved" with some corrective services.
After that the price/percentage goes up depending on just how "special" you and your skills are. So for example John, if it's a matter of you or sending out some whizz from Aussie then the price just went way up.
So, if in the eyes of the customer of Insurer you are the ONLY alternative to replacing the piece then 30% would seem to be a great deal for them.

For example, there are just a handful of leather book restorers in the world and it is not uncommon for them to charge $5,000 and up to fix up one antique book.
I also met the owner of Talisman Rug cleaners outside San Francisco at a MikeyFest tour where they cleaned up investment pieces for collectors and museums. One small piece of a 1,000 yr old Japanese tunic they had spent 400 hours on already - so at least $4,000, right? :mrgreen:

Anyway, I look forward to hearing some others chime in on this one.