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You should ask for a break down of labor hours/parts. As a tech I would say 1200 is a little high. New oe sensors are around 250 each, so that leaves 700 in labor. They’re probably somewhere between 100-125 an hour so looks like they are charging around 5 or 6 hours.
2-3 hours for the install I think is about right, maybe an extra hour for trying to get the sensors out (heating them up etc...). Does the 1200 include the price of the Dow pipe?
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