The proposed bill seeks to modify 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 by $39,565,590, raising the total contract value from $8,067,481 to $47,633,071. This modification is aimed at facilitating the early release of funds for the initial phase of the project, which encompasses various construction services including concrete, plumbing, HVAC, and electrical work. The contract is structured as a cost-plus-fixed-fee agreement with a guaranteed maximum price, and the completion date for the project is set for July 15, 2026. The bill also includes provisions for a $450,000 Owner's Allowance for building permits, which requires pre-approval by the Department for its use.

Additionally, the bill outlines the responsibilities of the contractor, including compliance with legal sufficiency certification requirements, maintaining insurance, and adhering to the Davis Bacon Act Wage Determination. It emphasizes the importance of timely acknowledgment of offers and allows for changes to submitted offers through written communication prior to the specified opening date. The modification includes a release clause where the contractor agrees to waive 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 maintaining fiscal responsibility and compliance with relevant regulations.