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 payment will be based on fixed prices for the services provided.

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 contract modification is also certified to be within the appropriated budget authority for the agency for the fiscal year, aligning with the financial plan and budget adopted in accordance with relevant D.C. laws.