The bill seeks to approve modifications to Contract No. DCAM-20-NC-RFP-0013-A4 with Blue Skye Construction, LLC, allowing the contractor to continue providing on-call facility maintenance and repair services for HVAC systems through June 25, 2026. The modifications include a guaranteed minimum order of $250 and a not-to-exceed amount of $14,000,000 for the option year. The contractor must comply with the U.S. Department of Labor wage determinations and the District of Columbia Living Wage Act of 2006. Additionally, the bill includes a release clause for the contractor regarding claims for delays or additional costs and stipulates that the continuation of services is contingent upon the appropriation of the FY26 budget by Congress.

Furthermore, the bill amends the Living Wage Act of 2006, establishing new wage rates for contractors and government assistance recipients in the District of Columbia, with rates set to increase from $17.50 to $17.95 per hour in 2025. It outlines compliance requirements for contracts valued at $100,000 or more and specifies exemptions from the living wage requirements. The bill also introduces new legal language to enhance financial regulation, emphasizing transparency and accountability in financial transactions, while deleting outdated provisions to streamline reporting processes for financial institutions. Overall, the legislation aims to modernize legal frameworks and improve compliance and governance.