The bill proposes a significant modification to Contract No. DCAM-24-CS-RFP-0001 with Chiaramonte Construction Company, increasing the contract's not-to-exceed amount by $11,850,674, raising the total value to $15,202,059.57. This adjustment is necessary to fund additional design-build services for HVAC upgrades at Meyer Elementary School, which include HVAC replacement, electrical enhancements, new ceilings, and lighting. The project aims to adhere to LEED for Schools Gold principles and achieve a net-zero strategy, with a substantial completion date set for August 17, 2026. The modification requires Council approval due to the significant increase in contract value, which exceeds $1 million.

Additionally, the bill outlines the responsibilities of the Design-Builder, including managing costs and handling any cost overruns, while also detailing the financial components of the Guaranteed Maximum Price (GMP) agreement. It emphasizes the importance of compliance with subcontracting plans for small business enterprises and mandates that a specified percentage of labor hours on construction projects be performed by District residents. The bill aims to enhance local employment opportunities and ensure accountability from employers, while also streamlining the regulatory framework governing construction contracts to improve clarity and efficiency in project management within the District of Columbia.