The proposed bill seeks to modify Contract No. DCAM-23-CS-RFP-0025 with Keystone Plus Construction Corporation, increasing the contract's not-to-exceed amount by $6,553,936.12, raising the total 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 project is set to be completed by July 20, 2025, and will be executed in two phases: Design and Preconstruction, followed by Construction. The contractor is a certified business enterprise with a proven track record in similar projects.

The bill establishes a Guaranteed Maximum Price (GMP) of $8,838,615.36, which includes provisions for both capital-eligible and ineligible items, with the latter amounting to $73,354.82. It stipulates that the contractor will absorb any costs exceeding the GMP and includes a release clause waiving claims against the Department for delays or additional costs. The bill emphasizes the need for pre-approval for the use of owner allowances and outlines the components of the GMP, ensuring a structured approach to project management and financial accountability. Overall, the bill aims to facilitate the successful completion of the school addition while adhering to established financial parameters.