The proposed bill seeks to modify an existing contract with Advanced Air Mechanical Systems, Inc. for On-Call Facility Maintenance and Repair Services, specifically for HVAC systems, by exercising the fifth option year of the contract. This modification will extend the contract from June 26, 2025, through June 25, 2026, with a not-to-exceed amount of $14,000,000 and a guaranteed minimum value of $250. The bill also allows the District to terminate the twelve-month sole source option period if the need for services ceases and mandates compliance with the U.S. Department of Labor Wage Determination Schedule and the District of Columbia Living Wage Act of 2006.

Additionally, the bill amends the Living Wage Act of 2006 to clarify the definition of "affiliated employee" and outlines specific exemptions from the living wage requirement. It sets the living wage rate at $17.50 per hour from January 1, 2025, until June 30, 2025, increasing to $17.95 per hour starting July 1, 2025. The bill also introduces new provisions for financial practices, enhancing transparency and accountability by mandating the disclosure of financial information and streamlining compliance processes. Outdated provisions that complicate financial oversight will be removed, aiming to create a more efficient regulatory framework for businesses and consumers.