The proposed bill seeks to modify Contract No. DCAM-23-CS-RFP-0025 with Keystone Plus Construction Corporation by increasing the contract's not-to-exceed amount by $6,553,936.12, raising the total contract value from $2,284,679.24 to $8,838,615.36. This modification is essential for the continuation of design-build services for the Ludlow-Taylor Elementary School addition, which aims to enhance the school's capacity to accommodate projected enrollment needs. The modification establishes a Guaranteed Maximum Price (GMP) for the project, which includes the design and construction of classrooms and support areas, as well as the installation of an exterior marquee sign. The contractor is responsible for any costs exceeding the GMP, and a release clause waives any claims against the Department related to delays or additional costs arising from this modification.

Additionally, the bill outlines the requirements for Small Business Enterprises (SBE) and Certified Business Enterprises (CBE) subcontracting plans, mandating that at least 35% of the total contract value must be subcontracted to SBEs. It emphasizes the importance of CBEs performing a "commercially useful function" and requires detailed documentation of subcontractor information. The bill also introduces guidelines for capital financing eligibility, specifying that projects must result in District-owned assets valued at a minimum of $250,000 and have a useful life of five years or more. Overall, the bill aims to ensure transparency and accountability in the allocation of funds for the school addition project while promoting the participation of small and certified businesses in government contracts.