The proposed bill modifies Contract No. DCAM-21-CS-RFP-0008B with AMAR Group, LLC to fully exercise Option Year 3, extending the contract for construction management services until March 24, 2026, with a not-to-exceed amount of $3,000,000. The modification includes a guaranteed minimum payment of $50 and maintains all other terms of the contract. Additionally, it incorporates updated wage standards from the US Department of Labor and the Living Wage Act of 2006, which mandates that contractors adhere to living wage requirements, ensuring compliance with current wage laws.

The bill also introduces new provisions emphasizing transparency and accountability in government contracts, requiring contractors to disclose potential conflicts of interest and provide regular compliance updates. It deletes outdated reporting requirements to strengthen oversight of government contracts, thereby enhancing public trust in the procurement process. The Living Wage Act is amended to set new living wage rates, effective January 1, 2024, at $17.05 per hour, increasing to $17.50 per hour on July 1, 2024, ensuring fair compensation for employees and subcontractors involved in government contracts.