Based on the estimated quantities of materials provided in the bid proposal form, the total cost of the project can be estimated. The estimated quantities include 3,735 tons of wearing course asphalt, 10 tons of shim course asphalt, 300 tons of hand work asphalt, 31,200 square yards of cold planing, and 10 square yards of reclamation. Assuming an average cost of $100 per ton of asphalt and $50 per square yard of cold planing, the total cost of the project can be estimated as follows: 3,735 tons of wearing course asphalt x $100 per ton = $373,500 10 tons of shim course asphalt x $100 per ton = $1,000 300 tons of hand work asphalt x $100 per ton = $30,000 31,200 square yards of cold planing x $50 per square yard = $1,560,000 10 square yards of reclamation x $50 per square yard = $500 Total estimated cost: $1,965,000 However, this is a rough estimate and the actual cost of the project may vary depending on various factors, including the cost of materials, labor, and equipment. Therefore, the budget estimation is between $1,500,000 and $2,500,000.