Have you seen the costs of similarly large software projects? It's actually a figure well within those margins. For the same insurance company I quoted, the pe

Have you seen the costs of similarly large software projects? It's actually a figure well within those margins. For the same insurance company I quoted, the people in question estimated that modernizing their system would cost $500 million USD in 1997 dollars and take 6 years without considering continuous upgrades of code and infrastructure. And it's likely that this company's infrastructure was probably much cleaner and uniform that goverment agencies'.