Yes, because it is worth in pentesting services 180k USD, no more no less. I mean, you can pay around 360k in London or SV rates and 180k in European for _similar_ skills people.
Calc based on 3 months, 5 people, 600USD/md rate.
EDIT as I can't reply to tpaceck below: no, those 2000usd/day rates do not exists in projects in size of 300MD like here. In general they do not exist for big projects.
Yes, I agree, you have rates around 1200 in high cost countries, yet as I wrote earlier, you can have similar/the same skill level at 600 usd/md if you're willing to work with guys not from HCC.
As to the skills I'm talking this level: https://research.securitum.com/mutation-xss-via-mathml-mutat...