Ever wondered how much is converting vs. buying FG bike? - here are my results, a copy of the response I have sent when I got a question related to my FGG entry:

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Have in mind that I live in Poland, labor is cheap here and some parts are very expensive.
Lets's see ( I am doing it for the first time, might be surprised by the result myself)
frame - 250PLN approx. $80 on Allegro -Polish equivalent of ebay
wheels - 500PLN $160 same source (they are good to go on the road bike - the fixing of the hub is reversible and works on my all wheelsets)
fork - $40 overpaid at local Campy dealer (no one wants steel straight blade forks, anymore)
FSA headset $20
Profile bullhorns - $20 a piece (I bought 3), eBay
Cane Creek brake levers EU 14 a pair = $10 a piece, eBay.de
165 mm Campy DA cranks + chainrings, $17, Allegro
Uniglide cogs - my parts bin, $0
Universal front brake - parts bin special, $0
Heavy Nitto 27.2 seatpost - parts bin, $0
Look road stem $5 , Allegro
Gipiemme saddle - $25, Allegro
Powdercoating (in addition to the parts pictured I have an old track fork matching this frame painted) - ~$30
Chain - SRAM 10 - $3 LBS
Labor & design (mostly turning on lathe : adapter, headtube extension) LBS in exchange for other favours and myself - free.

Total $410. More than I would think. The "Wall Markt" bike is $120 in Poland.
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Opps, bar tape missing - $7
The bike weights 7.8 kg - despite heavy fork and seatpost and pretty heavy wheels, funny it would go below UCI limit if I swap some parts with my road bike.
W.