Based on the information provided, it is difficult to estimate the exact budget for this contract. However, considering the contract is for 5 years with a renewal option for an additional 5 years, and it involves regular hourly rates for repair and maintenance of elevators, the budget could be substantial. Assuming an average hourly rate of $50-100 per hour and an average of 2,000 hours per year (considering 8 hours a day, 5 days a week, and 50 weeks a year), the total budget for the initial 5-year term could be in the range of $500,000 to $1,000,000 per year, totaling $2,500,000 to $5,000,000 for the 5-year term. With the renewal option, the total budget could potentially be $5,000,000 to $10,000,000 over the 10-year period. These estimates are rough and may vary based on the actual hourly rates, number of hours worked, and other factors.