Award
South Carolina Department of Transportation 4400025568
I-526 MITIGATION BANKING CREDITS
Recipient
WEYERHAEUSER NR COMPANY
Award Amount
$4,999,742.00
Ceiling
$4,999,742.00
Awarded
February 27, 2021
Identifier
4400025568
The South Carolina Department of Transportation (SCDOT) awarded a contract to Weyerhaeuser NR Company located at 406 Cole Road, Hattiesburg, MS 39402. The contract involves the purchase of I-526 Mitigation Banking Credits, specifically Lot A Freshwater (FW) Wetlands Credits and Lot B FW Stream Credits, both guaranteed and optioned quantities. The awarded quantities and unit prices are: Lot A FW Wetlands Credits (Guaranteed) at $5,457.50 per unit totaling $2,597,770.00, Lot A FW Wetland Credits (Optioned) at $5,457.50 per unit totaling $649,442.50, Lot B FW Stream Credits (Guaranteed) at $84.50 per unit totaling $1,401,939.50, and Lot B FW Stream Credits (Optioned) at $84.50 per unit totaling $350,590.50. The total potential contract value is $4,999,742.50. The contract period extends from February 27, 2021 through February 26, 2028. Notable contract requirements include that the contractor must not perform work or incur costs prior to the effective contract date and receipt of a purchase order. Protest procedures are outlined with specific timelines and contact information for the Chief Procurement Officer at the Materials Management Office in Columbia, SC.
Description
Contract for Lot A- FW Wetlands Credits (Guaranteed), Lot A - FW Wetland Credits (Optioned), Lot B - FW Stream Credits (Guaranteed), and Lot B - FW Stream Credits (Optioned) awarded to WEYERHAEUSER NR COMPANY by SC Department of Transportation.