The bill proposes Modification No. 3 to Contract No. DCAM-22-CS-RFQ-0001L with Parkinson Construction Company, Inc., 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. Under this modification, Parkinson Construction will continue to provide services for various public facilities, including schools and parks. The modification maintains a guaranteed minimum value of $50 and confirms the contractor's compliance with District tax obligations. Additionally, the bill outlines a Basic Ordering Agreement (BOA) with Parkinson Construction for construction projects, establishing a framework for issuing Task Order Agreements based on competitive bidding among pre-qualified contractors, with a total not-to-exceed amount of $15 million.

The bill also emphasizes contractor responsibilities, including compliance with local regulations, timely project completion, and the submission of subcontracting plans that require a minimum percentage of contract value to be allocated to small business enterprises (SBEs) and certified business enterprises (CBEs). It mandates that at least 35% of contracts over $250,000 be subcontracted to qualified SBEs, with provisions for hiring District residents. Furthermore, the bill amends the Living Wage Act of 2006 to set a minimum living wage of $15.50 per hour for employees under government contracts, with future increases tied to the Consumer Price Index. Overall, the legislation aims to enhance accountability, promote economic inclusion, and ensure fair wage practices while streamlining the contracting process for construction projects in the District of Columbia.