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 an early release of funds for the initial phase of the project, which includes essential construction services such as concrete, masonry, plumbing, and HVAC. 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 aligns with the Department of General Services' budget, ensuring adequate funds are available for the expenditure.

Key provisions of the modification include requirements for the contractor to maintain insurance, submit timely invoices, and provide key personnel for the project. The contractor is also subject to penalties for failing to meet deliverable deadlines and must utilize the Department's project management software for documentation. The bill emphasizes compliance with the Davis Bacon Act Wage Determination and outlines the ownership of documents produced during the project. Additionally, it 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. Overall, the bill aims to ensure the successful execution of the Tubman Elementary School modernization project while adhering to legal and fiscal responsibilities.