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Old 03-16-2010, 05:33 PM   #1
ErichKeane
 
Join Date: Mar 2010
Location: Hillsboro, OR
Posts: 27
Default RV Build Sign up sheet:

Hi Everyone:
Dick purchased the first kit and we can start building soon! Please respond to this email (EMAIL ME at Erich.Keane@verizon.net!) with the following information as soon as possible if you would like to participate. Jon Crew did a little research on the insurance, and found this out, which I figured might be important before answering this:

here is what I was told by Jim at Falcon Insurance (EAA):
No more than 5 partners can be insured. More, and no underwriters will touch it on an experimental.
For five licensed private pilots, with a 100 hrs or more, the cost is about 3000/year with 1 mil liability and 85K hull coverage. Thats 600/person/yearComparatively, a Cessna 152 would cost about 800/year for 5 partners.
Hull coverage during building: minimum is 40k coverage at 400/year. Thats 7 bucks/mo/partner.The building hull coverage is cancelled at time the plane starts moving and a credit or refund, for the remaining prorata. As a comparison, if one was building one themselves alone, fly insurance would be about 1900/year.
So it looks like we are locked into 5 flying owners, but this does not rule out non flying owners, although I don't really see the incentive for the later.

THE QUESTIONS: (note I am also attaching a word 2003 document, which can be opened with http://www.microsoft.com/downloads/d...displaylang=en if you do not have Word 2003)

Name:
Address:
Email:
Phone:
Involvement: Investor(5 owners, 12k-14k investment), Investor (10 owners, 6k-7k investment), Helper Only
The following are yes/no answers:
Desire for group activity?
Desire to involve family in aircraft activities?
Desire to gain experience building the RV12?
Build an RV12 to own and fly with a club?
gain experience then build your own?
EAA 105 participation?
Other?

Prior Experience with kit construction:
(builder experience is not a necessary requirement for participation)
Aircraft Type:
When:

Flying Experience:
(flying experience is not a necessary requirement for participation)
Student/Private Pilot/Sport Pilot/Non Pilot
Ratings:

Build Scheduling: (How much time can you spend on the project and when?)
Approx ____ Hrs per month
Best times of day: Mornings/Afternoons/Evenings
Best Week Days: Mon/Tues/Wed/Thurs/Fri
Weekends: (Describe)

Other Experience (Software, drafting,writing photography, paint, etc):

Tools available?:

Additional ideas, suggestions, additional info, special considerations:
Attached Files
File Type: doc SIGN UP SHEET RV12 BG.doc (15.0 KB, 292 views)

Last edited by ErichKeane; 03-16-2010 at 07:16 PM.
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Old 03-17-2010, 08:36 AM   #2
REbers
 
Join Date: Mar 2010
Location: Lake Oswego, OR
Posts: 3
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If we have more than five serious investors, would it be nuts to build two side-by-side?
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Old 03-17-2010, 04:32 PM   #3
ErichKeane
 
Join Date: Mar 2010
Location: Hillsboro, OR
Posts: 27
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A little nuts

If there is enough interest for that, I would think that either doing one after the other, or offsetting them in a way where the 2nd one is used to fill the downtime of the other would work well.

However, I've only received a small number of responses so far to my emails, and it seems like we won't have this problem unless something changes.
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Old 03-18-2010, 11:26 PM   #4
bigbill25
 
Join Date: Oct 2008
Location: Portland, OR
Posts: 16
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This is something I've been thinking about for awhile. I started talking to a group of guys, but I've got a baby on the way, so a plane will have to wait... We did make a great spreadsheet to look at costs of building and ownership, so I thought I would share:

http://spreadsheets.google.com/ccc?k...sWjgtT1E&hl=en

The yellow boxes are editable data fields, and the green are the things that get calculated. The kit price has probably gone up a bit, so you'll have to update those. Hope it helps, and good luck!

--Bill
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Old 03-24-2010, 04:45 PM   #5
REbers
 
Join Date: Mar 2010
Location: Lake Oswego, OR
Posts: 3
Default

Bill,
I'd like to review the spreadsheet but Google isn't giving me access to it.
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