The website links a BOM of about $300-400. Is this still ~ right? Availability and obsolescence not an issue? Add PCB and housings total parts cost ~ $540.
It depends where you buy parts. I had the feeling that those in the US pay a lot less for parts, especially if they have access to surplus stores. (used coaxial SPDT switches etc., you need a few in case you want automatic band switching, or maybe a step attenuator)
The biggest part of my expenses were all the connectors, the Mini-Circuits VCOs and ICs like the 16-bit ADC and logarithmic amplifier. Also, I was really surprised how difficult it was to buy 1 inch (28 mm) copper tube in Helsinki. The local builder's store asked more than 50 EUR for a 3 m piece and I only needed 40 cm.
Next, if you don't have access to quality tools (drill press, fine saw, tube cutter) you may learn new swear words, at least I did
On the positive side, the mechanical work is a lot of fun and you learn a lot.
I did not sum it up yet but I'm pretty sure I spent more than $400. You can save a lot by omitting connectors (or buy very cheap Chinese SMA connectors - I think they're OK for DC-3 GHz).