LosAngelesSolarTransit(LAST)isintherunningtodeploysolarchargingstations across the city's public parks. LAST gauges there's a 10% likelihood they'll make it past the first screening, called the "Procurement" stage, and be requested to present a detailed proposal along with other shortlisted companies. If chosen for this round, they enter another round, called "Bidding". First, it will cost them $20K in research, site evaluations, and manpower to create this detailed plan. If they receive the contract, the revenue model is based on the projected daily demand curve for the charging service for 6 months. The projected daily demand curve is D(p)=300-10 x p. Historically, for citywide initiatives like this, during "Bidding", 5 companies are shortlisted to provide detailed proposals, and each has an equal shot at winning the contract during "Bidding". If LAST presents their proposal but isn't the chosen company, they won't earn any money for their efforts. As a result, they might opt not to submit a detailed plan, even if they make the shortlist