OK Rad, we need a little more detail. You may have mentioned it on other threads, but this appears to be your construction thread so it would be nice to have it localized here.
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Can you walk us thru the steps you took to begin digging? I know you mentioned purchasing the parcel. Remind us how big it is and a quick re-hash about the topography and soil conditions. What type of soils are we talking about? If you are digging down to 10' deep, what is down there? Did you dig test holes, or are you basing it on excavation projects nearby? What kind of permits or licensing is required, if any. How did you find your excavator (and I'm not trying to be a wiseguy after the mud-flop). Oh yeah, and how involved is your partner?