The proposed bill seeks to modify Contract No. DCAM-25-NC-RFP-0001 with AAA Complete Building Services, Inc. to exercise the first option year for property management services, covering the period from October 1, 2025, to September 30, 2026, with a not-to-exceed amount of $3,941,335.52. The modification maintains the original contract's terms, which include a total firm-fixed price of $3,441,335.52 for basic services and an additional $500,000 for supplemental services. The contractor is required to comply with the U.S. Department of Labor Wage Determination and the District of Columbia Living Wage Act during this period. The overall contract value, including the base period and option years, totals $7,903,498.56.

Additionally, the bill amends the Living Wage Act of 2006 to establish a minimum living wage of $17.50 per hour effective January 1, 2025, increasing to $17.95 per hour on July 1, 2025, for employees of contractors and recipients of government assistance in the District of Columbia. This requirement applies to contracts valued at $100,000 or more and includes specific exemptions for certain contracts and employee classifications. The bill also outlines enforcement mechanisms, assigning monitoring responsibilities to the Department of Employment Services and the D.C. Office of Contracting and Procurement, while providing guidance for reporting violations of the living wage requirements.