Development of Gstreamer Video base design on Fedora18 - Phase I - repost

Specification: A project to develop a base design that uses gstreamer to take VGA video (640x480) in RGB 24bit format from a video capture device. Have an Encoder block that multiplies R-component by 2, G-component by 4 and B-component by 8. Have a Decoder block that divides R-component by 2, G-component by 4 and B-component by 8. Display Decoded video on screen in real-time. Full development instruction should be documented. Full source code and documentation should be supplied. Please respond with your quotation and I will review and respond as soon as possible. I have listed the project budget as simple (€30-€250) as I am required to include a budget, there is a possibility to be flexible if required. Thank you