Wetland Mitigation Credits, Upper Mississippi River

The Illinois Department of Transportation (IDOT), District 1, is seeking to procure Wetland Mitigation Bank Credits through an Invitation for Bid (IFB) process. The agency is looking to establish a contract to purchase an estimated quantity of wetland mitigation credits to be used across various IDOT projects within the Upper Mississippi River region of Illinois. The IFB specifies that the contract will be a one-time purchase that will expire on December 31, 2024, with no renewal option. Vendors must bid the price per credit, and awards will be made starting from the lowest price per credit until the maximum number of requested credits are fulfilled. The pricing for this contract is estimated, not firm, and the actual quantity purchased may be more or less than the estimate. Vendors must submit their bids electronically through the BidBuy system by the due date of January 4, 2024, and no late submissions will be accepted.

The IFB does not specify any set-aside requirements for this procurement. The successful vendor(s) must provide the required mitigation credits from a site approved by the U.S. Army Corps of Engineers. The contract will be funded through the State's Road Fund, and the total award amount is capped at $1,432,000 for a maximum of 24 credits. The incumbent vendor for this contract is V3 Companies, Ltd. Vendors must complete and submit the required disclosure forms, including the IPG Active Registered Vendor Disclosure and Vendor Disclosure forms, as part of their bid submission.