Just purchased my first home and we’re looking to do a complete remodel of our kitchen. We’ve met with several contractors and have been consistently been given estimates in the $50-$70k range. I know there’s a lot of variables in play in terms quality of materials, replacing all appliances, etc.

We received a more formal quote (picture included), and I’m looking for some guidance on if these prices seem reasonable or are heavily inflated.

Here’s some additional context:

This estimate doesn't include anything for materials (cabinets/floor/counters)/appliances... all of that we purchase on our own or with them (at the cost they get it for)

Kitchen is small/medium

This does include them raising the kitchen ceiling ~8 inches to be flush with the living room ceiling that is a connected room

This does include them replacing our 100w electrical panel to 200w; instead of giving us a "discount" on the final quoted price, he offered the electrical panel + raising the ceiling as mentioned above as the discount... which seems pretty solid, but not if all the costs in the attached picture are massively inflated

$10,000 for demo seems crazy

We will need to pay for the permits out of pocket as they will be doing plumbing/pipe electrical adjustments

Any insight or guidance would be greatly appreciated.