Mitigation Credit Purchase

The Ohio Department of Transportation (ODOT) Competitive Selection IDV DOT09523-1 provides a statewide procurement vehicle for environmental mitigation credits, specifically stream and wetland credits. This Indefinite Delivery Vehicle enables ODOT to purchase mitigation credits from approved mitigation banks across Ohio, supporting infrastructure development projects that require environmental compensation. The contract covers multiple watershed regions, including Ottawa, Raisin, St. Joseph, Maumee, and others, with standardized pricing for environmental credits such as stream credits at $300 per unit and wetland credits at $60,000 per unit.

The IDV is awarded to EIP III Credit Co, LLC, a Maryland-based environmental mitigation services provider, with a contract period from June 1, 2024, to May 31, 2026. The contract is a competitive selection type, covering the entire state of Ohio, and allows for the purchase of environmental mitigation credits through an Interagency Review Team (IRT) approved process. Vendors must provide cost proposals within 10 days of ODOT's request and submit proof of credit purchases within 30 days of payment. While the total contract value is not explicitly stated, the IDV provides a flexible mechanism for ODOT to acquire necessary environmental mitigation credits for transportation and infrastructure projects.