1. A method for determining a contract price for a user-defined configuration of business services, comprising the steps of: a. obtaining a plurality of raw data sets of existing characteristic market service data, wherein at least some of the characteristic data includes pricing data; b. deriving industry standard values for characteristic market services using the market raw data sets; c. normalizing and adjusting the market raw data sets with respect to the derived industry standard values; d. calculating an industry pricing index using the normalized data sets from step c); e. obtaining a characteristic data set for a user-defined configuration of business services; f. normalizing and adjusting the user-defined characteristic data set with respect to corresponding derived industry standard values; g. determining a contract price for the user-defined configuration of business services using at least some of the normalized and adjusted user-defined characteristic data and/or normalized and adjusted market data; and h. generating one or more reports that graphically display the calculated and/or determined results.