The proposed Modification No. M07 to Contract No. DCKA-2021-C-0012 with Fort Myer Construction Corporation seeks to exercise the fourth option year of the contract, extending the period of performance from August 30, 2026, through August 29, 2027. The modification allows Fort Myer to continue providing street and bridge maintenance asphalt materials, with a not-to-exceed amount of $2,805,885. This amount reflects an increase from previous option years, which were $2,592,500 for the base year, $2,644,350 for the first option year, $2,696,950 for the second, and $2,751,300 for the third.

Additionally, the modification includes a change in the funding structure, stating that the contract is incrementally funded, with $150,000 available for payment for Option Year 4. The Citywide Clean Hands database confirms that Fort Myer is current with its District taxes, and the contract is certified as being within the appropriated budget authority for the agency for the fiscal year. All other terms and conditions of the original contract remain unchanged.