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 letter contract amount of $950,000. This contract is designated for the first phase of the modernization of the Advanced Technical Center at the Penn Center, where Corenic will provide design and preconstruction services 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 of Corenic was based on a competitive Request for Proposals process, and the contractor is required to meet specific performance standards, including penalties for delays.

Additionally, the bill amends the Nonprofit Fair Compensation Act of 2020, requiring nonprofit organizations to include indirect costs in their rates for goods and services under contracts. It allows nonprofits to calculate these costs based on various options, including a de minimis rate or previous agreements. The bill also emphasizes compliance with equal employment opportunity laws and mandates that contractors pay nonprofit subcontractors the same indirect cost rates as prime contractors. Furthermore, it outlines the responsibilities of the Design-Builder, including adherence to local and national codes, maintaining insurance, and ensuring timely payments to subcontractors, while promoting economic inclusion and local hiring practices.