Contractor Quote Review for Newbie

[Chantal Routhier]

Hi all, I have a rental home and Im looking at refinancing to do a basement renovation. It is an ambitious project as its currently a dirt floor basement. It requires a whole next deck (two stories) and cutting in windows, etc. I was just wondering if anyone who is experienced at hiring contractors would add to this quote or iqy. Im keen to do the renovation but wondering if anything is missing like fireproofing/soundproofing the ceiling to the upstairs? Things like that? 

The contractor has good reviews on google and has come in at the lowest price. Though this seems good I want to know what you would also look for when hiring ?

I have some preliminary numbers based on our walkthrough.

I have included as much material as possible including allowances for; bath fixtures, kitchen cabinets, flooring and windows and doors. I have NOT included pricing for appliances.Obviously, there are a number of unknown factors that may affect final pricing but I am confident that my pricing is close.
I am factoring in:

Removing existing upper deck, staircase and lower deck.

Replacing lower deck and stairs within permitted footprint and reducing upper deck.

Having concrete foundation cut in order to install new steel door and 2 windows.

Removing existing interior deck surface.

Digging and removing dirt and debris to create living space as able.

Bringing in a separate electrical service with all required upgrades.

installing plumbing to allow for a bathroom, laundry and kitchen.

I am allowing for sprayfoam to be installed as needed.

Framing, boarding, taping and painting as needed.

Supply and install flooring and trim.

Supply and install new door and 2 windows.

Remove all debris including tipping fees.

Apply for and arrange for permit and inspections as required.

Labour and Material as noted above - $72,000 - $76,000.00Plus HST.

The next step, if you wish to proceed, is for a site visit with my electrician and plumber for sure. And Target drilling and Artic Spray Foam if possible. We can then finalise details and I can finalise pricing. If you have any questions or wish to proceed, please let me know.