Our Crazy World- Rigging Fee.

[Zee09]

I was going to send out a lathe to get rebuilt. It weighs 2000 pounds.
14x40 metal lathe.

I got a rebuild price which was good.
I got a quote from the rebuilder to come and pick it up from 60 miles away and return it. Rigging services only . $5,000.00

I have my own guy that I use that is a company and insured etc. Told me $1200 but if I could put it off for 3 weeks he has a machine to pick up in that area and he would do it for $900.

The $5000 shop made excuse after excuse from cv19 to diesel costs...
It is a name your price world these days

 

[Kjmack]

It really is

 

[BISCUT]

Sounds like a blessing in disguise Jim. Someone THAT much higher is showing a lack of moral base.

 

[Zee09]

Sounds like a blessing in disguise Jim. Someone THAT much higher is showing a lack of moral base.

You are so right.
I see this going on everywhere.
Very sad days ahead I guess.

 

[Wolf359]

I always get multiple quotes for big jobs and I get more like 10 quotes or so. Usually there's one or two that are almost double everyone else or more and you get a few that cluster around the lowest cost. I've noticed that the ones with the highest quotes are the ones that call you back all the time wondering if you want to go with them. I guess they don't get too much business and try to get the business that doesn't shop around and go with them.

 

[Oillover]

You are so right.
I see this going on everywhere.
Very sad days ahead I guess.

It's like Mad Max out there!
Gas Thieves drilling holes in tankers


P.S. for our friends south of the border, our price for regular is $6.18/gallon and $6.62/gallon for premium.
Credit: usgas.ca/us

 

[levi]

I was going to send out a lathe to get rebuilt. It weighs 2000 pounds.
14x40 metal lathe.

I got a rebuild price which was good.
I got a quote from the rebuilder to come and pick it up from 60 miles away and return it. Rigging services only . $5,000.00

I have my own guy that I use that is a company and insured etc. Told me $1200 but if I could put it off for 3 weeks he has a machine to pick up in that area and he would do it for $900.

The $5000 shop made excuse after excuse from cv19 to diesel costs...
It is a name your price world these days

Gordon Gekko: “The point is, ladies and gentlemen, that greed is — for lack of a better word — is good. Greed is right. Greed works.”

 

[JeffKeryk]

Sounds like a blessing in disguise Jim. Someone THAT much higher is showing a lack of moral base.

It's called Capitalism.

 

[BISCUT]

It's called Capitalism.

You are correct Jeff. The entity is free to charge whatever they wish in this instance. And may the free market hammer this apparent gouger out of the market.

 

[JeffKeryk]

You are correct Jeff. The entity is free to charge whatever they wish in this instance. And may the free market hammer this apparent gouger out of the market.

Absolutely.
I posted the Econ term "Price Elasticity". It basically means prices will rise to a point where buyers will find an alternative. That is, if there is a viable alternative.
If consumption rises and falls with price, the product is elastic.
If consumption level is not afffected by price, the product is inelastic.
The question of "what is fair profit" simply depends on if you are the seller or buyer.

 

[BISCUT]

Absolutely.
I posted the Econ term "Price Elasticity". It basically means prices will rise to a point where buyers will find an alternative. That is, if there is a viable alternative.
If consumption rises and falls with price, the product is elastic.
If consumption level is not afffected by price, the product is inelastic.
The question of "what is fair profit" simply depends on if you are the seller or buyer.

Elasticity.....don't forget to add Gov't regulation to that equation. It is not a linear concept. Although I don't think it would apply in this particular instance.

You Sir have brought me back to my first grad level econ class at UMass!!! I wanted to ditch that class so bad!! But it was 700 level and hard to get into. Luckily there was an older, beautiful, did I say beautiful? woman who kept my attention. I had never had such a pompous arse as a professor before this class. Kramer was his name, former HUD Sec IIRC.

 

[BISCUT]

If you start talking "widgets" we gonna fight

 

[ZeeOSix]

I have a feeling that a lot of the drive causing inflation is based on pure greed, not so much by factors that would actually drive inflation - businesses simply raising prices because "they can", and people keep buying anyway. It's like a false inflation generation machine in action that won't stop until people just say hell no, I'm not buying, or the economy self implodes.

 

[ZeeOSix]

Deleted, double post.