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Acct 505 Week 2 Individual Assignment

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I am currently working on contract amendment for CalRecycle for the M&O extension services with Maxim Inc. for the project DORIIS. We are planning to negotiate the M&O services for 3 yrs, 2 optional 1 years or 5 years. I attached is the draft SOW for the M&O services that we are going to negotiate. I need to know what is a fair and reasonable price to pay for M&O services per month or per year. I hope you can help me.
Background:
Original Contract Term: 06/13/2007 to 06/30/2011
CalRecycle, awarded the contract to Maxim Inc. The proposed solution was an integrated COST Solution built in Oracle’s E-Business Suite (EBS) platform and customized it for the unique DOR requirements.

2nd Amendment Contract Term: 07/01/2011 to 12/31/2015
CalRecycle

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