The objective of the project you have been recently appointed to is to expand the presence of your organization in Canada by opening a new branch in Montreal, where your company already has a strong customer base. One of the deliverables of the project is to build a sales team and equip it with new laptops. You decided to organize a competition to find the best supplier for the laptops.

When you create your procurement statement of work, you make a note that the amount of contract spend is possibly $100,000. This is element is called: