A rule of thumb is that employers need to charge three times an employee's hourly wage as a labor charge. That covers employee benefits, training, company tools buildings and other company overhead, and a reasonable profit.
If you don't plan to replace the bin, then I would think a partial payment for a "the price of a used bin" is actually fair to both parties.
If you need a bin and will replace it, then I would get three estimates for new bins and hold out for a new bin. When was the last time you had grain in the bin?
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Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
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