The proposed Modification No. 14 to Contract No. CFOPD-21-C-001 with Fast Enterprises, LLC seeks to exercise the fourth option year of the contract, extending the period of performance from July 1, 2025, to June 30, 2026, at a not-to-exceed amount of $9,333,579.65. This modification will enable Fast Enterprises to continue providing maintenance and support services for the Modernized Integrated Tax System (MITS) utilizing GenTax software. The contract is structured as a fixed-price agreement with a total of nine one-year options following an initial base year, and the funding has been certified as available within the Office of the Chief Financial Officer's budget.

Additionally, the bill includes a significant modification to the pricing structure for Option Year 4, where Section B.5.2 detailing the previous pricing is entirely deleted and replaced with new pricing that incorporates a CPI adjustment as per Section B.5.3. The total estimated cost for this option year is set at $9,333,579.65, which covers various service components. The modification also increases the total cumulative contract value from $38,675,469.15 to a new maximum of $48,009,048.80, while all other terms and conditions of the contract remain unchanged, ensuring continuity in the agreement.