Personally I would probably approach it from a payoff point of view, plus consumables. For example figure a five year service life of your boring equipment, so 60 months, estimate how many hours you can bill for the equipment per month, twenty, thirty, forty? Divide the total purchase price by 60 months, then again by the number of hours you've estimated, and you arrive at the payoff cost per hour (estimated). Then you add twenty or thirty percent profit plus consumables which I assume would be cutting bits, welding wire, gas, etc. THEN you have to look at it and ask yourself if it's too steep against your local competition or will price customers out of having the work done. Adjust as needed. By looking at it from this perspective you get the gut check reality of whether this is going to be profitable or a loss leader, or at least how many hours you need to bill out each month to make it worthwhile. As always, heh, YMMV