The proposed bill seeks the Council's approval for a definitive contract (No. DCKA-2025-C-0040) with IPS Group, Inc. for parking meter equipment and services in the District of Columbia, valued at a maximum of $6,000,000 and running from January 31, 2025, to January 30, 2026. Under this contract, IPS will manage, maintain, install, relocate, and remove parking meters, following a cooperative procurement process that identified them as a top offeror. A letter contract was previously executed to allow initial services up to $999,999 while the definitive contract was finalized. The bill also includes a modification extending the term of the existing letter contract from May 1, 2025, to July 30, 2025, without additional costs.

The bill outlines the contractor's responsibilities, including the development of a Parking Meter Management System (PMMS) that integrates with existing District systems, ensuring real-time data on operations and maintenance. It mandates that the contractor maintain high operational standards, provide a comprehensive management plan, and ensure all meters are functional and visually appealing. Additionally, the bill emphasizes compliance with labor and employment regulations, including timely payments to subcontractors and adherence to the Living Wage Act. It also establishes insurance requirements for contractors and outlines a structured dispute resolution process, ensuring accountability and transparency throughout the contract's execution.