The proposed Modification No. M0006 to Contract No. CW108368 with Obverse, Inc. seeks to exercise the second option year of the contract, allowing for the continuation of services related to information technology equipment and software. This modification will extend the contract period from May 13, 2026, through May 12, 2027, with a not-to-exceed amount of $10,000,000. The contract is structured as an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement, which allows for flexibility in ordering based on the needs of the District.

Additionally, the modification confirms that Obverse, Inc. is current with its District taxes, as indicated by the Citywide Clean Hands database. The Office of the Chief Financial Officer has also certified that the funding for this contract modification is consistent with the applicable financial plan and budget, ensuring that the contract remains within the appropriated budget authority for the agency for the fiscal year.