Federal Freshwater Herbaceous Wetland Mitigation Bank Credits-Peace River Basin

The Florida Department of Transportation (FDOT) is seeking to purchase 0.91 federal freshwater herbaceous wetland mitigation bank credits within the Peace River Basin (HUC #03100101), specifically targeting Orange County. This single-source procurement is designed to offset environmental impacts from a proposed transportation project in compliance with U.S. Army Corps of Engineers compensatory mitigation requirements. The procurement is structured as a one-year term, with a posting date of August 21, 2025, and a final submission deadline of September 12, 2025. The intended vendor is EarthBalance Corporation, located in North Port, FL, which owns the Horse Creek Mitigation Bank and is currently the sole source capable of providing the remaining balance of federal herbaceous credits within the project's service area. The procurement follows the compensatory mitigation hierarchy, prioritizing approved wetland mitigation banks within the project's geographic region to ensure efficient and cost-effective environmental mitigation.

The procurement appears to be a direct, single-source acquisition without explicit set-aside designations for disadvantaged enterprises. EarthBalance Corporation is the sole proposed vendor, justified by their unique ability to provide the specific wetland mitigation credits required for the project. The estimated dollar value for this procurement is $227,500.00, which represents the cost for the 0.91 federal freshwater herbaceous wetland mitigation bank credits. While the solicitation does not outline comprehensive vendor qualifications beyond EarthBalance's ownership of the Horse Creek Mitigation Bank, the procurement suggests a specialized environmental mitigation service requiring specific geographic and ecological credentials. The contract is tailored to a specific environmental compensation need within the transportation infrastructure development process, indicating a highly specialized procurement approach focused on precise ecological credit requirements within the Peace River Basin.