idl---Let us assume that all the necessary material is on the jobsite for convenience and also assume the necessary personnel and tools are there, logical.
Setup , layout, cutting and prepping for weld two W8 X 24---two men 1/2 hour---weld, grind and prep for inspection 2 men one hour---total approx. 3 man/hrs. @ the T&M rate when I retired in '98 of $54/hr. (Los Angeles)---$162 add in about $60 for inspection (depending largely whether you have a resident inspector) approx. because it varies from company to company. Total $222. This is real world stuff here, guys. Even when you DOUBLE the estimate and ADD 25% (The 'BETHLEHEM' method) you end up at $555. Last time I got a couple of small beams fabricated and delivered from a steel fab shop (it was a non-union shop, at that) the cost was higher and I had to wait TWO days (while my men were still on the job)! Also, if you are doing it yourself you will save a bit on the T&M costs which are probably much higher in 2002.
I am not sure if this little ditty is any help to anyone, but I needed to put my two cents worth in for the Union personnel whose wages are NOT somewhere near the moon these days (Consider my daughter, 30 years old, high school, 1 year of Jr. college @ $52,000 salary (plus benifits) as computer help tech for Kaiser Permanente who daily DOES NOT have to risk her life for her job)! Incidently, her hubby IS a union Ironworker and makes about the same @ $58,000 +/- per year plus his benifits.
Rod