The proposed Modification No. M002 to Contract No. DCKA-2025-C-0040 with IPS Group Inc. seeks to exercise option year one of the contract, allowing for continued provision of parking meter equipment and services within the District of Columbia. The modification sets a not-to-exceed amount of $6,000,000 for the period from January 31, 2026, through January 30, 2027. This includes services such as management, maintenance, installation, relocation, and removal of multi-space parking meters.

Additionally, the modification confirms that the contractor, IPS Group Inc., is current with its District taxes as indicated by the Citywide Clean Hands database. The contract is also certified to be within the appropriated budget authority for the agency for the fiscal year, ensuring compliance with the financial plan and budget adopted by the District. The minimum order amount for this option year is set at $100,000.