We do a lot of remodel work and the job you descibed here sounds like a nightmare. The only way we would touch this job would be a set fee for the service and T&M for everything else.
We did a similar style project recently and our initial projection was for the total job to pay $ 7000. It ended up almost $14000. I was very glad I didn't have a set bid. The carpenters found much more knob & tube than we ever expected.
[This message has been edited by Electric Eagle (edited 09-16-2004).]