The proposed bill seeks to modify Contract No. DCAM-24-NC-RFP-0023D with Security Assurance Management, Inc. to extend the option year for armed/unarmed security guard personnel services through September 30, 2026, with a not-to-exceed amount of $50,000,000. This modification includes a guaranteed minimum service value of $250 and ensures compliance with the U.S. Department of Labor Wage Determination Schedule and the District of Columbia Living Wage Act of 2006. Additionally, the bill introduces a decrease in the penal value of payment and performance bonds from 35% to 25%, designates a compliance officer, and incorporates new rates in the price schedule for various option years.

Furthermore, the bill outlines wage determinations for various occupations under the Service Contract Act, establishing specific hourly rates for job titles across multiple sectors, including health, technical, and service roles. It mandates that contractors comply with living wage requirements, which will be set at $17.50 per hour starting January 1, 2025, and increase to $17.95 per hour on July 1, 2025. The bill also specifies exemptions for certain contracts and outlines the responsibilities of contractors regarding employee compensation and benefits, ensuring fair pay and compliance with labor standards. Overall, the bill aims to enhance service provision while promoting equitable compensation for workers.