The bill proposes an extension of the contract with Paymentech LLC for merchant processing services, specifically for the remainder of Option Period Three, which will last from May 19, 2025, to May 18, 2026. The total contract amount for this period is capped at $10,000,000, contributing to a cumulative contract value increase from $44,750,000 to $54,750,000. The contract is structured as a Requirements contract with a base period of three years and five additional two-year option periods. Funding for this contract has been certified as available within the Office of the Chief Financial Officer's annual operating budget, with $4,166,666 allocated for FY2025 and the FY2026 portion contingent upon future budget approval. The bill also includes a legal sufficiency certification and confirms that Paymentech LLC is compliant with District tax obligations.

Additionally, the bill amends the existing subcontracting requirements under D.C. Code 2-218.46, allowing for waivers of the 35% subcontracting requirement when there is insufficient market capacity for the goods or services involved in a project. Waivers can only be granted if the lack of capacity prevents the contractor from meeting the subcontracting requirements at a project level, and agencies must submit requests to the Department of Small and Local Business Development (DSLBD) at least 30 days in advance of the desired decision date. The amendment also specifies that any changes to the solicitation will void the waiver decision, ensuring strict adherence to requirements. These legislative changes aim to streamline the procurement process while ensuring that opportunities for certified business enterprises (CBEs) are properly considered and documented.