Please have a read of the contest guidelines regarding pricing:
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Originally Posted by Contest Guidelines
Minimum Prizes:
Depending on your contest a minimum prize amount has been set. This is to ensure the quality of your contest. The prize amounts set are:
Banner Design - $30 minimum
Logo, Other Graphics - $50 minimum
Website Design; un-coded, Forum Design; un-coded - $100 minimum
Website Design; coded, Forum Skin; coded - $250 minimum
Any contest whose prize does not at least match these will be rejected.
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According to your request you want a logo ($50), and coded site design ($250). This is a total of $300.
Please correct me if I am wrong Bazza`.