China's "Standards for the Scope and Scale of Bidding for Construction Projects" stipulates that bidding must be conducted if one of the following standards is met.
1, the estimated price of a single construction contract is more than 2 million yuan;
2, the procurement of important equipment, materials and other goods, the estimated price of a single contract is more than 6,543,800 yuan;
3, survey, design, supervision and other services procurement, the estimated price of a single contract is more than 500 thousand yuan.
Because the question didn't specify what kind of contract it was, the answer was that Zhong You didn't have 500,000 yuan, so it chose1100,000 yuan.