The cost of manufacture of pipes is an interesting topic. Most of the makers don't seem to have a handle on the actual costs. I remember that Colin did record various timings of part manufacture but I don't think he has published the data.
I can now tell some of the costs of manufacture of the School pipes.

The data is from early 2005 The design has 3 drones and an unkeyed chanter
The cost of a set of parts including the drone reed bodies = £70
Bag (from Australia) £17.5 ( I don't have a copy of the actual invoice so this price is based on the original quote I got in 2001 and the exchange rate for April 2005)
Bellows £100 (these look as though they came from the same maker who supplies David Burleigh).
So the total cost of the parts = £187.5 for a set of parts to assembly into a 3 drone unkeyed concert pitch set
Assembling the set takes about 10 mins
Reeding is a difficult to predict activity
I have recently assembled 6 sets so I can say with some authority that making and assembling the tongue onto the reed body takes about 2 mins. Getting the reed set up and working (using my setting tools) takes 10 to 20 mins so the cost per reed can be predicted as follows:-
parts £2.5
Time 20 mins = £14 (based on the current skilled man rate of £40/hour) - practice will probably halve this
Chanter reeds - I haven't done any timings but my feeling is that it takes me about 10 mins to make a reed (un-thinned), about 15 mins to thin the blades till a crow is achieved and about 20 mins to tweak it to reasonable working (in my rig) and only about 70% of reeds survive the whole journey. This means that the cost of a reed based on the £40/hour = £(10+15+20)*1.43)*.67 = £43
Note that this is for a finished and
working reed ready to put in a chanter.
Keys - I also haven't done any timings for traditional hand made keys although I believe that Colin has done this in the past. It would be interesting data to have available!
What I do have is a quote from Oct 2000 for the investment casting of keys
Cost of each design of key = £14.85/key in a minimum batch of 100 This was for keys cast in aluminimum, other materials would be more expensive.
If the batch size increases to 200 the cost per key drops to £9.2/key
I have included the tooling cost in the key price but it is worth considering that it was £1120 for each unique key design in Oct 2000 and my current experience is that it is at least double that now so for a set of keys for a 7 keyed chanter (6 unique key designs) you would be looking at an investment of about £13500 for the tooling plus about £8/key for a batch of 200 in brass. This is about £18/key for 200 off or about £30/key for 100 off. The keys would still need springs, pivot holes, drilling, fitting and polishing.
From this you can see that the biggest problem for the NSP maker is batch sizes and the cost of tooling. It does look as though NSP will continue to have hand made keys for the future.