The contract value can be estimated based on the compensation provisions in the contract. The contractor is required to pay the City $7,500 per year, and the contract term is from July 1, 2023, to June 30, 2024, with the option to renew for two additional one-year periods. Assuming the contract is renewed for the full term, the total contract value would be $7,500 per year x 3 years = $22,500. However, this estimate does not include the cost of towing and storage services, which is likely to be the largest component of the contract value. Based on the pricing form provided, the contractor's bid for towing and storage services is not explicitly stated, but it can be estimated based on the rates provided. For example, the towing fee for vehicles 14,000 GVW or less is $100, and the daily storage fee is $30. Assuming an average of 100 tows per month, with an average storage period of 5 days, the monthly revenue for towing and storage services would be approximately $5,000. Over the 3-year contract term, the total revenue for towing and storage services would be approximately $180,000. Adding this to the $22,500 in annual payments to the City, the total contract value would be approximately $202,500.