The proposed bill seeks to modify Contract No. DCAM-23-CS-RFP-0003 with Smoot Construction Company, increasing the contract's not-to-exceed amount by $41,198,166, raising the total contract value from $39,286,327 to $80,484,493. This modification is essential for the ongoing design-build services for the modernization of Thomas Elementary School, which is expected to be substantially completed by July 15, 2026. The bill establishes a Guaranteed Maximum Price (GMP) of $80,484,493, which is crucial for financial planning and execution of the project. The contractor has a proven track record in similar projects and is a certified business enterprise. The modification requires Council approval due to the significant increase in contract value, and it is anticipated that the contractor will meet all performance standards within the stipulated timeline.

Additionally, the bill outlines the financial allocations and construction schedule for the modernization project, detailing various phases and activities from July 2024 to May 2026. It emphasizes the importance of timely completion of critical tasks, such as obtaining necessary permits and approvals, to ensure the project's success. The bill also includes provisions for the release of funds in fiscal years 2025 and 2026, ensuring that financial resources are available at key stages of the construction process. Overall, the bill aims to facilitate a smooth and efficient construction process for the Thomas Elementary School modernization project, ensuring compliance with safety and regulatory standards while enhancing the educational environment for students.