What you have to consider is what exactly the welder has to do to fit a new inner sill correctly.
Find all of the spot welds along the inner sill to door step, the spot welds on the crossmember, the spot welds and seam weld on the front end of the sill where it attaches to the flitch and inner A post panel, that lot is easy then there is the hard part.
Now there is the companion bin, unless you have a right angled drill this is a nightmare to get to as the inner sill attaches to the inner sill stiffener and the rear heelboard, all within the companion bin. Then there are the row of spot welds that attach the bottom of the companion bin to the floor. And last but by no means least there are at least two spot welds that hide under the companion bin front mounting flange. To get to these you have to either get lucky with the drill or cut the flange off?????
Now with the outer sill off there are the following items to consider as well. Rear subframe captive nut mounting bracket and internal slinging bracket. Both spot welded together then attached to the inner sill and heelboard. Jacking point, again spot welded to the inner sill at the end of the crossmember, the fwd internal slinging bracket.
Cutting along the floor is a piece of cake. Now having done this job very recently i can see why he wants to charge £700. Expensive, yes it is but access at the back is a nightmare.
So bearing this in mind a second hand welder can be bought for approx £100 to £150, all the parts you need to fit should come to around £100, £40 for a grinder, £40 for a auto dimming mask, another £40 or so for clamps etc. So the initial outlay is still cheaper than a garage plus you will then have the kit to do it yourself.