I do some handywork on the side and for 8 hours of work, I think that is fairly reasonable, if it's for good work. If he's worked with wood and built stuff before, and you're providing the wood/materials, I think it's a good deal. I think anything less than that, and then you can't really complain if things aren't square, or there are sharp edges, or cracks for not pre-drilling screw holes, etc... For someone who knows what they're doing, you'll never see these things, and that's well worth $200 in my opinion.
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