Mitigation Credit Purchase

The Ohio Department of Transportation (ODOT) Competitive Selection IDV DOT09523-2 is a statewide contract for the procurement of environmental mitigation credits, specifically focused on stream, wetland, and ecosystem restoration efforts. This Indefinite Delivery Vehicle enables ODOT to purchase mitigation credits from approved mitigation banks and in-lieu fee providers servicing Ohio, allowing the agency to satisfy Clean Water Act and other state and federal environmental requirements. When mitigation credits are needed, ODOT will submit a Request for Work (RFW) specifying the location, type, and quantity of credits required, with vendors expected to provide cost proposals within 10 days.

The contract was awarded to Five Rivers Metro Parks, with a performance period from May 17, 2022, to May 31, 2026, covering the state of Ohio. As a multiple-award contract, several IRT-approved mitigation banks can participate, creating a competitive pool of suppliers. The contract type is a Competitive Selection, and while specific total contract value was not provided, the pricing schedule indicates wetland credits at approximately $75,000 per credit and stream credits at $500 per credit. Mitigation banks involved cover multiple Ohio watersheds, including Great Miami, Buffalo Creek, Cherry Valley, and regions such as Upper Scioto, Lower Scioto, Muskingum, and Licking, providing comprehensive environmental credit trading options.