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Does the government have any idea the total value of the contracts?

Does the government have any idea the total value of the contracts?

TI has a budgeted amount of $70 million for the first year of the contract. The $70 million is the combined total for each of the four statewide contracts and is finite. It is undecided at this time how much of the total budget would be allotted to each state. TI expects to develop a concept of operations before the release of the Request for Proposal (RFP) to help determine the budgeted amount for each state. Additionally, it is expected that contractors will need to keep the government apprised of the total amount remaining on each contract on a regular basis.