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That does seem a little high, you should get another estimate . And I also wouldn't reccomend buyong fixtures from Home Depot, their prices are cheaper because it's crap made in a foreign country usually and he is right it's full of cheap plastic. One thing that happens alot is that there is someting missing or broken right off the bat with Home Depot stuff.
It should take a couple hours to change to shower valve depending on the situation. The faucet is easier, you could do it yourself.
Alot of people don't realize the costs involved in being a contractor, but that price he gave you may have been on the high side because sometimes there are unexpected extras that is hard to charge a customer for after the price has been given.
if you want another name to get a price from, let me know.
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