0.762 Acres Emergent Wetland (PEM)

The Iowa Department of Transportation is seeking competitive bids to purchase 0.762 acres of Emergent Wetland (PEM) credits in Story County. The credit is priced as a single unit equal to the total value for the 0.762‑acre parcel, with delivery on a FOB Destination basis. The award will be made to the responsible bidder whose submission is most advantageous based on cost and other evaluation factors. Bidders must be accredited USACE wetland migration banks capable of providing the required mitigation credits. No specific monetary ceiling is disclosed; bidders will propose their price. • Scope: Acquire verified PEM wetland mitigation credits for 0.762 acres (Story County, Iowa). • Eligibility: Must be an accredited USACE wetland migration bank able to deliver credits that satisfy USACE Permit # 2026‑249. • Procurement: Sealed bid (DOT Request for Bid) – bids open 06/03/2026, close 06/25/2026 1:00 PM CDT; bid opening 06/24/2026 1:00 PM CST via Microsoft Teams. • Terms: FOB Destination, Net 60 payment, tax‑exempt purchaser, award based on cost plus factors (staffing, schedule, past performance, capacity).