Apparently, the high cost is due to the long distance between panel and the backyard (100 ft), the cost of material (e.g. GFI) and the amount of work needed (this seems a routine installation to me). Now, I am not an electrician...but that that seems waaaaaaay too much. Thoughts?
You are also required to have a disconnect outside within sight of the hot tub. Hot tubs and electricity can be extremely dangerous. I strongly recommend a permit, a professional installation and an electrical inspection. From your material list it sounds to me like the installer you've spoken to is not going to do an installation that would pass an inspection.
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