Thank you Randy. I am going with $100 usd, so $125-130 cdn would be about right these days.
Fair value is based on location and item...the entire bike is supposedly worth $100 so a couple dollars up or down based on location won't really affect things too much. If you've got a great stash of parts you are well on your way to building a bike but those parts do have inherent value. If you use it, just make a conservative estimate of "I replaced the broken Rd with this one I had lying around and I think it is worth about $8". I don't think anyone will be losing sleep over claimed values.
Time is free. If you're on here posting in this thread then we all have just a bit of extra time lying around.
Originally Posted by
randyjawa
Is that $100 USD or CND? or Australian dollars, or Eurals, or Yen or...
Fair value, as defined by me in Thunder Bay, or Dave in Duluth, or Helen in Troy(just horsing around), or Peter in Perth, or Riccardo in Rome, or Lenard in London or anyone else anywhere else?
The point is we try to do an apples to apples comparison, but we are not all working with apples. Why not allow contestants to just build and present. Then, after a defined amount of time (yup time is apples to apples for everyone) and after allowing others to comment on the builds, report what they actually spent? And...
...how they(we) managed to not spend. That information would be interesting and entertaining as well as valuable, assuming some decent cost savings idea floated to the surface.
Don't penalize contestants for having a supply of stuff on hand. They(we) got that stuff fair and square and, for many of us, can't even begin to guess what the actual cost was then or is today(I don't care who thinks they know what this or that is worth - as often as not, they or we are wrong). Do I add what my time is worth? At close to 70 years old, time, for me, is viewed as extremely valuable. When I was working, there were times I got paid close to three hundred dollars (CND) an hour(not many times but it did happen, now and again). And when I was sixteen, time meant nothing and was not even considered in my value equations.
Anyway, can't sleep and thought I would add my two cents (Canadian cents/sense) to the mix:-)