The proposed Modification No. M005 to Contract No. DCKA-2021-C-0012 with Fort Myer Construction Corporation seeks to exercise the third option year of the contract, which will extend the period of performance from August 30, 2025, through August 29, 2026. The modification includes a not-to-exceed amount of $2,751,300 for the provision of street and bridge maintenance asphalt materials, which are essential for the repair and maintenance of local streets and highways throughout the year. This amount reflects a price escalation of approximately 2% from the previous option years.

Additionally, the modification specifies that the contract is incrementally funded, with $150,000 available for payment and obligated to this contract for Option Year 3. The contractor, Fort Myer, is confirmed to be current with its District taxes, as indicated by a Clean Hands Certificate dated February 10, 2025. The modification is consistent with the financial plan and budget adopted by the District, ensuring that the contract remains within the appropriated budget authority for the agency for the fiscal year.