With renos, you often get what you pay for. That doesn't mean that all inexpensive contractors are screwing you, but they're generally cheaper for a reason. Good contractors know what they're worth and make good money because of the quality of their work. They also schedule their work in a responsible manner and turn down work if needed (rather than quote the job at double the value just so they don't get the job).
I used to work in the flooring business. Client wanted some really nice carpet and the quote came out to 12k. The client balked at the price, and a few days later called to say he found someone that would do it for 8k, asking if we would match. We said no way, cause there was no chance it was legit.
2 months later, the client comes back looking for new carpet. Turns out the other company bought "seconds" (without warranty) goods and installed those. There was a big red dot every 6 feet in her white carpet...
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