Sediment in a pond should be local topsoil, (with the nitrogen leached out from being under water?). Figure 1500 pounds per cubic yard of topsoil. Most garden centers sell good topsoil for $40 to $60 per yard loaded on your truck, or $3 per 40 pound bag.
If he cleans out your pond to your liking and pays you to boot, it might be a good deal. Get some other quotes to have your pond cleaned for an honest comparison. Put all your requirements in writing before authorizing any work.
If the sediment is mostly from your land, you might consider keeping it and adding some erosion control.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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