The proposed Modification No. M0003 to Contract No. CW108368 with Obverse, Inc. seeks to exercise the first option year of the contract, extending the period of performance from May 13, 2025, through May 12, 2026. The modification allows for a maximum contract amount of $10,000,000, under which Obverse, Inc. will continue to provide information technology equipment and software. This contract is structured as an Indefinite Delivery/Indefinite Quantity (IDIQ) contract, with payments based on fixed prices.

Additionally, the modification confirms that Obverse, Inc. is compliant with its tax obligations as per the Citywide 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 contract amount of $10 are available for FY2025, and that the budget for FY2026 has been allocated accordingly. This contract modification is consistent with the financial plan and budget adopted in accordance with relevant D.C. Official Codes.