Out my way prices are depressed by Residential Electricians crossing over into low-end Commercial Bidding.
After their first significant jobs they're broke.
The reverse is true: Commercial Electricians loose their shirts jumping into Residential Bidding.
They are really two separate worlds.
Assuming this is a one-of-a-kind house the REAL issue is the General Contractor. His skill and moxie, and honor, is critical for anyone making a 'tight' bid.
And just why is it NOW that this fella needs a NEW EC?
What happened to his established pals? Did he burn them? Is he in credit trouble? A SPEC house -- in today's market? Are you kidding? Who's his banker? Are they in trouble with the FDIC?
Do your research. This is the WORST time in the market cycle to take on risk; so naturally every contractor is cutting prices to the bone so that they can lose money while in the rain instead of losing money staying at home.
