Yea I can understand that, hell the majority of your bumper is 1/4" thick which is huge and likewise is the cost. I still question the $700 mark, even with mounting hardware I don't see that costing that much unless you are using literally dozens of 1" diameter grade 8 bolts that are like 6" long.
So when I reference the $700 number there are a lot of things I am talking about here. One important thing I am also talking about it that this is a bumper that is built to a quality comparable with what you can buy. Not a rushed together bumper someone made with their friend this one time. I personally value quality so I spend the money required to build quality. [MENTION=102597]IBallEngineer[/MENTION] has a good list for cost of materials. I know for the last 4runner bumper I built, it was for a guy who beats the living crap out of his rig. It was all 3/16" and 1/4" mounts.
-two 2'x4' sheets of 3/16" thick plate
-one 2'x4' sheet of 1/4" thick plate
-20' of 1 1/2" by 0.120 wall tubing
-4' of 1" by 0.120 wall tubing
-12" of 1" by 0.25 wall DOM tubing
-four grade 8 1/2" x 4" bolts
-four grade 8 lock nuts
-eight grade 8 lock washers
-for 10M x 1" bolts
-powder coating
-aprox 15 cut off wheels (cutting various things even though I also have a plasma, you still need to do alot the old fashioned way
-aprox 5 flap sanding wheels (these are 4" and 7")
-aprox 4 flat sanding disks (used for final sanding)
-3 plasma tips
-3 welding tips
-1 tank of welding gas
-1 smaller spool of welding wire
-2 rotobroach drill bits that broke
-a $140 electricity bill vs my normal $80 bill
Then there are the costs you don't see:
-Wear and tear on all of my equipment and what all those things cost to buy. Welder, plasma cutter, drill press, angle grinder, vice, 20 ton press, press break, various drill bits. You may not think about this, but I notice my welder is not what it used to be 8 years ago when I purchased it new. These things do have a life limit and every time I build something it goes down.
-Most important is my time! I spent at least 80 hours on this bumper from start to completely finished. I pride myself in quality and spent the time required to make sure it was perfect. I make roughly $30 an hour at work, so I could have made $2400 if I had just worked extra hours and paid cash for this ting. It breaks down to 23 hours of work, or 3 days... I built this for a customer because it is fun for me, but honestly I should have just worked 3 Saturdays and I could have made the money much easier...
The moral of these long winded stories is not to tell people not to fabricate. The point is to tell you that this needs to be something you truly desire! IF you have always wanted to learn to fabricate so that you can build a skill and maybe do it later as a profession, then it is worth it. If you really love to fabricate things and derive a lot of pride in making your own things, then it is worth it. But if you are doing it to save a few bucks, don't! Because when it is all said and done in money and time, you lose in most cases. Like iballengineer said, I charge substantially more money for custom bumpers than what you can get from CBI or 4x inovations. They make great parts and are able to sell for less and turn a profit because they make them in bulk. But when you do one off custom stuff, there is an additional cost!
I have said this to a few people, if I could do it all again I would just go buy one from a company, and then tweak it to my desire next time...