With a price that high...
It sounds like the person doesn't want the job. The reason could be that he/she already has too much work...or simply does not want to do this particular job (usually due to size or type). So...the alternative is they price the job so high...that they either don't get it...or if the person agrees...the price make it worth their aggravation.
I'd get at least two more bids.
dan
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