Private mitigation bank credits

The North Carolina Department of Transportation (NCDOT) has issued a Request for Proposal (RFP) to purchase 7,500 stream mitigation credits from private mitigation banks within the Little Tennessee 06010204 hydrologic unit. The purpose is to obtain the required compensatory mitigation for transportation projects. Eligible proposers must be the owner, sponsor, or authorized agent of an approved mitigation bank. Proposals will be evaluated based on the lowest adjusted unit price per credit, which considers both the base unit price and the credit status and maturity, with additional points assigned for earlier credit release dates and approved mitigation banking instruments. The RFP provides a detailed procurement timeline, with a proposal due date of August 23, 2024, and a target for all credits to be purchased by January 31, 2033.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. It also does not list any incumbent vendors or current contractors, or indicate any existing infrastructure or technology that requires integration. The total budget for this procurement is not provided, but NCDOT is seeking to purchase a significant volume of 7,500 stream mitigation credits to offset unavoidable project impacts within the specified hydrologic unit.