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$1,920 – $350,000

The budget estimation for this opportunity can be based on the guaranteed minimum quantity and the estimated number of orders per year. With a guaranteed minimum quantity of 64 and an estimated 3 orders per year, the total quantity per year would be 192 (64 * 3). Assuming an average price per unit, the total budget per year can be estimated. However, without the average price per unit, it is difficult to provide an exact budget estimation. Considering the product being procured is a GASKET, the average price per unit can be relatively low, potentially in the range of $10 to $100. Based on this, the total budget per year can be estimated to be in the range of $1,920 to $19,200. The total budget for the contract term (one year or until the aggregate total of orders placed against the contract/order reach $350,000) can be estimated to be in the range of $1,920 to $350,000.