The proposed Modification No. M0003 to Contract No. CW108368 with Obverse, Inc. seeks to exercise option year one of the contract, allowing for the continuation of services related to information technology equipment and software. The modification stipulates a not-to-exceed amount of $10,000,000 for the period from May 13, 2025, through May 12, 2026. This contract is classified as an Indefinite Delivery/Indefinite Quantity (IDIQ) contract, which means that the District of Columbia will place orders as needed, with a guaranteed minimum order of $10.00 for each contract year.

Additionally, the modification confirms that Obverse, Inc. is compliant with its tax obligations as per the Clean Hands database, ensuring that the contractor is current with its District taxes. The agency fiscal officer has certified that the necessary funds for the minimum quantity are available for FY2025, and that FY2026 has been budgeted accordingly. This contract modification is part of the District's ongoing efforts to maintain and enhance its information technology capabilities.