The bill proposes a modification to Contract No. DCAM-23-CS-RFP-0008 with MCN Build, Inc. for the modernization of Tubman Elementary School, increasing the not-to-exceed (NTE) amount from $8,067,481 to $47,633,071. This modification, which adds $39,565,590 to the contract, is intended to facilitate the early release of funds for the initial phase of the project, covering various construction services such as concrete, plumbing, HVAC, and site improvements. The contract is structured as a cost-plus-fixed-fee agreement with a guaranteed maximum price, and the expected completion date for the project is set for July 15, 2026. The modification requires Council approval due to the significant increase in contract value and has been confirmed to align with the Department of General Services' budget.

Additionally, the bill includes provisions for a Letter Contract allowing MCN Build, Inc. to commence work with an initial NTE amount of $995,000 for preliminary services. It emphasizes the importance of maintaining key personnel throughout the project and outlines requirements for insurance and compliance with the Davis Bacon Act Wage Determination. The modification also includes a release clause where the contractor waives any claims against the Department related to delays or additional costs arising from this modification, while all other terms and conditions of the contract remain unchanged. Overall, the bill aims to ensure the successful execution of the modernization project while adhering to regulatory and budgetary constraints.