Since you did not provide more information, I assume that a lot of work would be required by whomever wins this project. I have been doing internet research for over nine years now.
As for the price I quoted, I charge a retainer's fee (paid prior to the start of me working) to ensure myself that my work will be compensated at least 10% of the agreed upon price. Receiving this price also helps to assure my clients that the work that I do for them will be accomplished. That is because the retainer fee pays for 1/10th of the project's work and I do not get paid again until a minimum of 1/5th of the project is completed. My price is negotiable depending on more details of the project.