I personally never seen a lathe that is used in a shop or someone's garage cost more than 100,000.00 or better yet average house in Utah about 250 to 300,000.00. Really price of a house. Some one got ripped off. Now I'm not downing gun smiths or what people want to charge. But I think some statements are ridiculous. Probably all the tool in the shop might cost in the 150,000.00 range and I would think that would be on the high end. Now for 250 dollars to true an action yes I think that is cheap or a really good deal depending on the trueness of the work. There is a series of youtube videos about truing the REM 700 action. It's what I would expect to have done with holding the tolerance to the 1/10,000. I also think a barrel does a whole lot for the gun as well. Looks at some of the savages with new barrels installed. I have a friend that own a trued 308 with a Bartlein 5r barrel. His 308 will shoot 5 rounds of the grey box cheap whichester hunting rounds into a dime size hole. He does not reload and just usually sport shoots. But that's the quality of good smithing and good barrel along with everything else, trigger, bedding, stock, etc., etc. He has about 1800 tied up in the gun minus the optics. But it can shoot cheap ammo like hand loads.