The proposed bill establishes a 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 will run from January 31, 2025, to January 30, 2026, and encompasses various services including management, maintenance, installation, relocation, and removal of parking meters. The bill also includes a contract modification that extends the term of an existing letter contract from May 1, 2025, to July 30, 2025, without incurring additional costs. The contractor is responsible for providing all necessary materials and ensuring compliance with performance standards, while the contract does not cover mobile payment services or parking enforcement.

Additionally, the bill outlines specific requirements for the contractor, including the development of a comprehensive Parking Meter Management System (PMMS), regular reporting on operational status, and maintaining high operability rates for meters. It emphasizes the importance of data management, requiring the contractor to provide a complete inventory of meters and ensure compliance with data security standards. The bill also mandates that contractors adhere to local hiring practices, pay living wages, and maintain various types of insurance coverage. Overall, the legislation aims to enhance the efficiency and reliability of parking meter operations in the District while promoting local employment and ensuring fair labor practices.