The bill seeks to approve Contract No. DCAM-25-CS-RFP-0006 with Corenic Construction Group, LLC, for a total not-to-exceed amount of $6,808,979.50, which includes an initial contract amount of $950,000. This contract is designated for the initial phase of the modernization of the Advanced Technical Center at the Penn Center, where the contractor will provide design and preconstruction deliverables while finalizing the full project scope and guaranteed maximum price. The contract is structured as a cost-plus-fixed-fee agreement and is expected to be completed by October 16, 2026. The selection process involved a competitive Request for Proposals (RFP) with eleven firms, and Corenic Construction Group was selected based on criteria including technical quality and pricing.

Additionally, the bill outlines various terms and conditions related to the contract, including compliance with applicable laws such as the Davis Bacon Act and the Living Wage Act, and mandates a subcontracting plan that meets the requirements of the Small, Local, and Disadvantaged Business Enterprise Development and Assistance Act. It emphasizes the importance of maintaining key personnel throughout the project and includes provisions for penalties if deliverables are not submitted on time. The bill also establishes guidelines for the Guaranteed Maximum Price (GMP) proposal, requiring detailed documentation and transparency in the bidding process, and mandates that contractors pay their nonprofit subcontractors the same indirect cost rates they would have received as prime contractors. Overall, the legislation aims to ensure accountability, promote local economic development, and enhance oversight throughout the construction process.