Thank you for the reply. I wish it was sanding and 3 coats for $550..
The total prices are almost exactly what you quoted. This contractor that we are seriously considering put new floors in a neighbors house and he did a great job. When searching for his company he did a $40,000 floor in a $3.8M house and he showed us many more incredible jobs he has done. He comes off as being a craftsman proud of his work. He isn't the cheapest but also not the most expensive. In a way I feel cheap for not just going with the 3rd coat for $550 but I want to be sure it's needed. He is highly recommending three coats of the urethane. He stated that most customers go with it, most home builders do not because they are cutting costs.
The $550 is on top of the base quote. Here is the wording on the quote:
base: installation of 2 1/4" red oak, select & better, and finishing with stain and 2 coats of oil based urethane $x,000
Option: 3rd coat of urethane, $550.
Option: water based, additional $400 on top of 3rd coat.
Thanks!