I think its more than 3 hrs. They're budgeting a full 8 hr day at $100/hr per guy. The hourly isn't unreasonable, whether 2 guys or one is subjective. It's probably more than one guy could do in a single day, and a little light for 2 so ...
Materials cost appears high for what they're doing if its all within say 8-10 ft.

Shawn if you're opening up walls and hot water heater, SMARTEST thing I ever did during a master bath remodel was plumb in a Hot Water Outside Hose Bib. SO NICE to wash your car with hot water.

https://www.amazon.com/Woodford-V22CP-4-MH/dp/B008B6H3NC/ref=asc_df_B008B6H3NC/?tag=hyprod-20&linkCode=df0&hvadid=692875362841&hvpos=&hvnetw= g&hvrand=12408293838033151649&hvpone=&hvptwo=&hvqm t=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9033391&hv targid=pla-2281435178378&psc=1&mcid=40fc9902e11a3988b881bda76 efa661f&hvocijid=12408293838033151649-B008B6H3NC-&hvexpln=73

Thanks Greg. Here's what sticks in my craw.

It may be longer than 3 hours but I don't see much more having done the same work at my old shop. I'd have had this done by now if the panel had been 208V single phase as I thought. The 3 phase wrench thrown in may be coming out so I can just do it. Apparently you just use 2 pole breakers according to them. We'll see.

they are basically running my existing metal sheathed 4 gauge from the box along the wall terminating in a dryer outlet.

Running 1" conduit along the wall for the water heater and washing machine. I have 200ft of 10 gauge for them to use

They will have to run about 6ft of 8 gauge for the air compressor.

So I'd be happy with $400 of materials $1000 is blatantly padding.

If they had come back with $1600 with parts & labor and travel time broken out, it would be a no-brainer. The vagueness, 2 guys (which really does seem strange to me... it's almost as though the salesman electrician wants to get paid while the real electrician works) and very high parts pricing just sets me off.

And I told them this is just phase 1, we talked about other projects I need done. But this just leaves a bad taste in my mouth.

That is a really good idea, thanks. They only have to drill through a small divider "nook" wall right next to the box so no drilling on outside walls. But I can see plumbing a spigot off the water heater C&H to attach a hose to. I can do my own plumbing easily enough, had a lot of copper off my compressor to a secondary tank and then off that to meet up with the Rapid Air system. Thanks for the idea!

It's really nice being on the first floor.

They're taking a 10 foot length of unistrut, cutting it up, hammer drilling holes, setting anchors, mounting the unistrut pieces, then installing conduit clamps. With the planning, measuring and work, that's a few hours by itself. Just for the wall supports.

How many breakers? Looks like a squareD 3 pole is pushing $100 each. Metal conduit isn't cheap, nor fun to work with.

Did the second guy quote yet?

Second guy? Only a team of 2 guys came down. I'd get a second quote but just going to do it myself.

2 breakers and only need 2 pole. The 60A 3 pole squareD I got was $66. I'm assuming they would get them for $30 to $40 and upcharge but not to $100 each. Or maybe they would.

In what way is metal conduit not fun to work with?

I bent 1.5" and 1" to make a shelter years ago. It's not hard to bend. Getting the welded 12x12' frames down from the second floor, over a fence and in position. That was not fun.

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If you enjoy it... and have the bender.....do the grunt work yourself, then find an electrician to make the connections.

^^^ good advice.

A 2 pole 60A square D breaker is $25 BTW. $25.