The proposed bill establishes a definitive contract (No. DCKA-2025-C-0040) between the District of Columbia and IPS Group, Inc. for parking meter equipment and services, with a total not-to-exceed amount of $6,000,000. The contract, which runs from January 31, 2025, to January 30, 2026, includes provisions for parking meter management, maintenance, installation, relocation, and removal services. A letter contract allows for initial services to be performed under a not-to-exceed amount of $999,999 until the definitive contract is finalized. The bill also outlines a contract modification that extends the term of the existing letter contract from May 1, 2025, to July 30, 2025, without incurring additional costs, while ensuring that the contractor is responsible for providing all necessary materials, equipment, and labor for parking meter management.

Additionally, the bill emphasizes the integration of equipment data streams with relevant agencies for operational policy and revenue transactions, and it mandates that the contractor develop a comprehensive management plan detailing emergency response protocols and procedures for monitoring meter conditions. The contractor is required to maintain a 95% operability rate for connected meters, provide maintenance and repair services, and ensure compliance with various labor laws, including the Living Wage Act. The bill also includes provisions for a Meter Hooding Program, insurance requirements, and a structured process for resolving disputes between contractors and the District, all aimed at enhancing the efficiency and effectiveness of parking management in the District.