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Yes, we'll still need to hammer out the final rules. I have a piece of maple left over from a previous build that I could use as a finger board. I'm hoping it's ok to use that. I suppose for these types of scraps we use, we could come up with a fair value. I'd say the maple fingerboard sized scrap could be valued at $5.00 - $10.00 dollars. I don't remember what I paid for the whole piece, and this is less than half of it.

I did some calculating and discovered that I already made a bass in the $100 region, well actually 100 euros, but lets call this is nitpicking (some parts are more expensive here in Europe
).
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-Top and back came from a piece of lumber I bought dirt cheap -15 euro.
-Other wood - 20 euro (this is a bit of a guess, gathered most of the wood a long time ago, some was bought and some was given to me).
-Artec sidewinder - ebay, 15 euro.
-Neck pickup - Second hand, 30 euro.
-Tuners and bridge parts - Internet, 25 euro.
-Pots, switch, orange drop, wiring, fret wire, strap holders, jack and jack-plate - Old private stock (laying around for years).
Grand total - 105 euro.
Because I don't like the sound coming from the sidewinder I am going to replace this in the near future with a Chinese toaster that will fit underneath the sidewinder cover, this toaster cost me 20 euro, once I received this pickup I'll update the build diary.
So the price might go up to 110 euro, that's within a margin of 10%, I'm willing to live with this margin.
-edit-
Forgot the truss rod, that will be another 10 euro.
Fail!!
I am not going to participate, I can't build a bass that's up to my specifications for this price.

So what are the rules?
Is string cost included in the tally?I'm going with these:
1) All building materials that a builder would normally use, such as glue, sand paper, wax paper, gloves, etc do not count toward the build price.
2) All tools that would normally be used in subsequent builds, such as jazz pickup templates, router bits, drill bits, files, blades, etc do not count toward the build price.
3) Items that do count toward the build price would include (but are not limited to) tuners, bridge, pickups, wood, truss rod, nut, output jack and jack plate.
4) Finish is included, but like all other items, only the cost of what is used, is counted toward the build price, e.g. $5 can of spray paint, used half the can, $2.50 is the cost.
5) Using parts in a builder's stock is ok, as long as an estimated value is used toward the build price.
6) I'm suggesting June 30, 2015 as the finish date.
7) Most importantly, I think we should just keep the build in the spirit of the challenge. If someone is at $99.99, and they use a $1.00 part from their personal stock, that's going to be ok. This challenge is for fun, and to perhaps find new ways to do a process of find a part at a cost effective savings. I certainly won't be requiring receipts. Perhaps at the end, we'll post a poll to determine a winner.
Others may feel free to make additional suggestions, and/or override any of mine.