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 covering the purchase of state and federal wetland mitigation credits—environmental compliance instruments that offset wetland impacts from transportation and development projects. State and local governments soliciting under this code are acquiring credits from mitigation banks to satisfy regulatory requirements imposed by the U.S. Army Corps of Engineers, state environmental agencies, and water management districts. The Florida Department of Transportation has dominated recent activity, issuing multiple Invitations to Bid for freshwater herbaceous and forested wetland mitigation functional credits needed to offset wetland impacts across transportation projects in the state. These procurements target vendors holding valid state and/or federal wetland mitigation bank permits and maintaining current credit ledgers; bidders must demonstrate the ability to transfer credits within 45 calendar days of payment and provide proof of transfer through agency ledger documentation. Contracts are structured as indefinite-quantity agreements with no guaranteed minimum purchase volumes, and awards are typically made to the lowest responsive and responsible bidder(s) capable of meeting project needs based on per-credit unit pricing submitted in competitive bids.

Florida's Turnpike Enterprise and Florida Department of Transportation District Five have issued the preponderance of recent solicitations. The Turnpike Enterprise posted an ITB on February 6, 2026 (bid due February 20, 2026) for herbaceous and forested wetland mitigation credits in Orange County's Boggy Creek Cumulative Impact Basin; a follow-on ITB on June 15, 2026 (bid due June 26, 2026) for approximately 30 acres of wetland impacts in Osceola County with an initial three-year contract term; and FDOT District Five released ITB DOT-ITB-27-5001-SFMC on June 30, 2026 (bid due July 28, 2026) seeking state and federal mitigation bank credits with scope and quantities detailed in the complete ITB document. All three Florida opportunities require bidder registration in MyFloridaMarketplace and submission of required certifications including E-Verify compliance attestations and foreign country of concern attestations. All bidders are subject to a one percent transaction fee on state payments. Mitigation credit pricing and availability have shifted with Florida's transportation program activity; no other states or issuing bodies appear in the recent-opportunity block, indicating concentration of this procurement category within Florida's transportation sector.