Thank you very much for your response,
I appreciate your estimate of $2,745, which I find agreeable. Please note that I have now received information that indicates the client was only scoping the price, and while this particular project might not move forward, we are trying to get into a position that would lead to more projects coming in the future from Nike for Desktop Publishing.
I will let you know if this project indeed moves forward, and will otherwise contact you as soon as our next project comes in.