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

Additionally, the modification includes a release clause where the contractor waives any claims against the Department related to delays, disruptions, or additional costs arising from this modification or the project itself. The bill outlines the scope of work, deliverables, and compensation structure for the contractor, including penalties for late submissions of deliverables, insurance requirements, and billing procedures. It emphasizes compliance with the Davis-Bacon Act Wage Determination, ensuring that all work performed under the contract adheres to federal wage standards. Overall, the bill aims to ensure that the modernization project is executed efficiently and in compliance with established guidelines while enhancing the educational environment at Tubman Elementary School.