Does depend upon the project but I suspect this is far too low. Only thing you're likely to get in this price range is a small addition / tweak to an existing d

Does depend upon the project but I suspect this is far too low. Only thing you're likely to get in this price range is a small addition / tweak to an existing design. A very minimal design from scratch that uses existing off the shelf hardware with no interfacing to anything remotely complex and no follow on support (pretty much developer hands it over showing some smoke test works and you're on your own from there) could also fit into this budget.