The quote is for new siding over retained layers
Ask exactly what remains and why it is suitable to retain. The proposal should explain support, drainage and connections at openings and fixtures, including what cannot be inspected. Retention is not automatically wrong, but the scope must not imply that concealed layers have been verified when they have not. Compare this option with removal using the same completed-wall requirements.
Notice next: Request a written retained-material list and the conditions that would trigger a change to removal or repair.