The bill proposes Modification No. 3 to Contract No. DCAM-22-CS-RFQ-0001H with Keystone Plus Construction Corporation, allowing the exercise of option year three for construction services with a not-to-exceed amount of $20,000,000, covering the period from May 2, 2025, through May 1, 2026. This modification ensures that Keystone Plus will continue to provide construction services for public facilities, including schools and parks, under the Department of General Services (DGS). The modification includes a guaranteed minimum value of $50 and confirms the contractor's compliance with District tax obligations. The total price for the agreement, including all modifications, amounts to $75,000,000, reflecting the cumulative not-to-exceed amounts for each option year exercised.

Additionally, the bill outlines a framework for competitive bidding and task order agreements for construction projects, mandating that contractors secure necessary permits and comply with safety regulations. It emphasizes the importance of timely payments to subcontractors and establishes requirements for local hiring, ensuring that at least 51% of new hires are District residents. The bill also includes provisions for compliance with the Living Wage Act, requiring contractors to pay affiliated employees a living wage and maintain payroll records. Overall, the legislation aims to enhance local employment opportunities, ensure accountability in contract management, and promote economic inclusion in public contracting.