The proposed bill seeks to modify 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 from $3,351,385.57 to $15,202,059.57. This modification is essential 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, and has been confirmed to be within the appropriated budget authority.

Additionally, the bill establishes a Guaranteed Maximum Price (GMP) of $15,202,059.57, which encompasses various costs associated with the project, including design fees and general conditions costs. It emphasizes that any costs exceeding the GMP will be the responsibility of the Design-Builder without reimbursement from the Department. The bill also outlines provisions for shared savings, where any savings from the GMP will be split between the Department and the Design-Builder, with a cap on the Design-Builder's share. Furthermore, the bill introduces new legal language to enhance transparency and accountability in the procurement process, ensuring compliance with local regulations and standards while streamlining the construction process for public works in the District of Columbia.