The document outlines the budget and timeline for an interactive media and web development project. It will cost 55,000 and involve 2 people working for 13 weeks. The budget covers premises, staffing, software, hardware, hosting, and risk. Payments will be made at 3 stages - 15,000 at commencement, 20,000 at the mid-point, and 20,000 at completion after 14 weeks.