UNSPSC 64141700: Environmental mitigation banking products

Forms of environmental market trading where wetlands are developed to create marketable wetland credits. These credits are sold to others as compensation for unavoidable wetland impacts.

UNSPSC 64141700 Environmental mitigation banking products is a Class code under which state and local governments purchase state and federal wetland mitigation functional credits to offset wetland impacts from infrastructure projects. The credits are environmental compliance instruments that compensate for unavoidable wetland damage by transferring approved mitigation credits from established mitigation banks to project impact sites. State and local buyers under this code include transportation departments and turnpike authorities pursuing major infrastructure expansions that trigger federal and state wetland permitting requirements. Florida's Department of Transportation and Florida's Turnpike Enterprise dominate recent activity, soliciting credits through competitive bidding (ITB) processes to offset wetland impacts from turnpike widening projects across multiple counties. Qualified vendors must hold valid state and/or federal wetland mitigation bank permits, maintain current functional credit ledgers with service areas covering the project location, and certify credits using approved assessment methodologies (UMAM, WRAP, or MWRAP). The Department awards contracts to the lowest bidder or combination of bidders meeting quantity requirements on a per-credit cost basis. Contracts typically carry indefinite-quantity structures with three-year initial terms and three-year renewal options contingent on performance and fund availability, with Task Work Orders issued as needed and invoicing due within five days of issuance.

Florida dominates the geographic spread, with four of five recent opportunities posted by the Florida Department of Transportation and Florida's Turnpike Enterprise between June and September 2026. Representative recent solicitations include ITB16863, posted September 4, 2026, with bids due September 15, 2026 for freshwater herbaceous and forested wetland mitigation functional credits to offset approximately 15 acres of impacts in Lake County supporting the widening of Florida's Turnpike SR 91; and ITB16803, posted August 28, 2026 (with three addenda issued through the Q&A cycle), requesting freshwater and forested wetland mitigation functional credits to offset approximately 30 acres in Osceola County, also for turnpike widening, with an initially scheduled bid deadline of September 14, 2026 that was revised by addendum. All Florida solicitations require MyFloridaMarketPlace registration, E-Verify attestation, Foreign Country of Concern and Scrutinized Companies Lists certifications, and impose a one percent transaction fee on all payments. No performance bonds are required. The source shows no recent activity outside Florida.