ATLANTA (AP) — According to contract documents, Georgia could pay about $107 million for a company to create a new statewide standardized test during the next five years.

The contract outline with CTB/McGraw-Hill released on Thursday isn't final. State law gives the companies that were not chosen 10 days to protest the decision.

State officials are on a tight deadline to select a company to write the new tests. Students are scheduled to begin taking tougher exams in line with Common Core standards during the 2015 school year.

Georgia dropped out of a consortium of states writing an exam in July. State officials said then that they could find a more affordable rate than the predicted cost of $29.50 per student. A per student cost for the contract proposal wasn't available on Thursday.