He's not going to sign a contract to do that for the price quoted.
Every project I ever heard of went thousands over budget, and ran months behind. No, it's not a crime, and it's not fraud. If you're not happy with it you need a good lawer.
Are you going to be happy with it in "patina" (currently going out of fashion as indistinguishable from "just dragged out of the corn field")? If not, add $10K and a year for paint.