For a more concrete perspective, if you assume that a good developer costs about $150,000/year, then this is one hundred years of development time for a team of 10 good developers, which is quite a lot.
I don't know just what this thing was supposed to do, so I don't know what the scope is.
To 10 developers add a few dozens of Business Analysts and Managers. Outsource some work to India. Oracle licenses and IBM fees. That will easily get you over 100M.
I don't know about that. I've seen a few tech jobs around the £70-80k mark at the BBC, which is about $120k. Throw in the additional benefits and it's probably not far off.
a few, and they'll be in London so your living costs can be truly massive.
Sometimes the rates you see advertised are also 3 month contract jobs where someone is looking for attention by stating the contract amount as if the job was 12 months salaried.
I don't know just what this thing was supposed to do, so I don't know what the scope is.