Well the only machine work you'll need for a 306 will be a .030 overbore and re-honing. Then have the block washed to get all the metal shavings out. Are you going to be doing the assembly of the shortblock yourself then?
www.borchardtspeed.com
This is the website for my local auto machine/racing shop so you can get a general idea of what needs to be done and how much. Click on "Machine Shop" in the upper-right corner. Good luck and keep us informed.
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92 Mustang GT, 347 Stroker(Forged Steel Crank/Rods-Balanced, Forged Aluminum Dished Pistons), Trick Flow Track Heat Intake, Trick Flow Twisted Wedge Heads w/ Stage 3 port/polish, 80mm C&L MAF, FMS 30# Inj., BBK AFPR, Trick Flow Stage 2 Cam, Trick Flow 1.6R Rockers, BBK E.L. Headers, Flowmaster Cat-Back, MAC CAI, FMS Pulleys, Griffin Alum. Radiator, MSD Pro-Billet Distributor; AOD, Dynamic 3300 Lockup Converter, B & M Super Cooler, B&M Ratchet Shifter; 3:73 gears.
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