The budget for this contract can be estimated based on the scope of work and the requirements for the painting services. The contract is for an initial 12-month period with four optional one-year renewals, and the contractor must provide pricing inclusive of all personnel, travel, per diem, overhead, materials, profit, and all other direct or indirect costs. The estimated annual quantity of work is not explicitly stated, but the bid form includes a table for the contractor to provide unit prices for different types of units (1 bedroom, 2 bedrooms, 3 bedrooms, and 4 bedrooms). Assuming an average unit price of $1.50 per square foot, and an average unit size of 1,500 square feet, the total annual cost for painting services could be estimated at around $225,000 per year, assuming 150 units per year. However, this is a rough estimate and the actual budget could vary depending on the actual scope of work, the number of units, and the prices bid by the contractor. The total budget for the 5-year contract period, including the optional renewals, could be estimated at around $1,125,000. The low end of the estimate could be around $750,000, assuming a lower unit price and fewer units per year, while the high end of the estimate could be around $1,500,000, assuming a higher unit price and more units per year.