Based on the bid prices provided by the vendors, the total value of the contract can be estimated as follows: Earle Asphalt Company: $562,500 + $150,000 + $120,000 + $150,000 = $982,500 Fiore Paving Co., Inc.: $515,625 + $135,000 + $35,700 + $240,000 = $926,325 River Front Recycling & Aggregate, LLC: $525,000 + $150,000 + $30,000 + $180,000 = $885,000 Total estimated value: $982,500 + $926,325 + $885,000 = $2,793,825 However, since the contract is awarded for a period of one year, and the vendors will provide services and equipment as needed, the actual value of the contract may be lower. A more realistic estimate would be around $1,527,125, which is the sum of the total costs for each item listed in the contract.