Cora, I'm not sure if you've ever seen my work or website, but I think you would agree that I might know a thing or two about hand laced vests.
For starters, the material is the smallest part of the total package. My cost for the leather, liner, and all the lace (which I cut myself) is under $120.00
The time it takes to size. layout the design, make the patterns, cut the leather, cut the lace, and then punch ALL those holes you can't imagine.
The starting price for one of my vest's is $650.00, and depending on the added extras like carved shoulder pieces, tassles (very hard to get straight) and so on will add to the price.
Just a basic, you could say "From Stock" vest, takes me about 40 hours to make, with most of that time, say 30 hours, just to lace it. I'll tell you, that when you're done, you'll think you were NUTS to ask whatever you did ask for it. I've thought that my vest should sell for something in the line of what YakLady had mentioned, but I'll be damned if I can find anyone that will spend that kind of money....Where's Britany Spears when you need her....
Another thing to think about, is that the deerskins your customer has, may not make the best lace, and this will just cause you ALL kinds of problems. I will look through all the hides at the leather dealer before I find and decide on the one I will use to make lace with.
One thing I have done in the past, is when the customer wanted to supply there own material. I still charged them the same ammount, as if I had supplied the material. In this case I informed them beforehand as to this. They agreed with my price, and decission to charge the extra because of the reasons for doing so. Not being able to see the leather they wanted to use I could not guarantee the final outcome and look of the vest.
Kinda like the sign you see in the mechanic shop for hourly rates.
If you watch, they charge more....
Hope this helps.
Ken