Saw Mill Creek Wetland Mitigation Bank Credit Sale RFP

Please carefully read the proposal submission instructions detailed below in the "Submission Guidelines" section of this page. In addition, please scroll down to the "Key Documents" section of this page to access important required documentation, such as addenda.

New York City Economic Development Corporation (“NYCEDC”) on behalf of The City of New York (the “City”) is requesting responses from parties wanting to purchase tidal wetland mitigation credits (“Credits”) from the City’s first wetland mitigation bank, the Saw Mill Creek Pilot Wetland Mitigation Bank.

The Saw Mill Creek Pilot Wetland Mitigation Bank is a mechanism that provides compensatory mitigation through the sale of Credits to applicants in the waterfront permitting process.

This Open RFP is to provide interested Respondents with opportunity to propose to NYCEDC a purchase price to acquire whole or fractions of Credits. In their responses, Respondents should indicate Credit quantity, purchase price, and pertinent information about Respondent’s project(s) and permitting status for which Credits are to be used.

NYCEDC plans to select Respondent(s) the City will sell Credits to on the basis of factors stated in the Open RFP which include, but are not limited to the following criteria: (1) the purchase price proposed by the Respondent; (2) the quantity of Credits requested by the Respondent; (3) the location of the proposed project; (4) the proposed project(s) or intended Credit use; (5) the timing of the potential purchase of Credits and (5) the degree to which the Respondent demonstrates the Respondent’s full understanding of Credit usage.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.

Inquiries

Respondents may submit questions and/or request clarifications from NYCEDC no later than 5pm November 4, 2025. Questions regarding the subject matter of this RFP should be directed to [email protected]. For all questions that do not pertain to the subject matter of this RFP, please email [email protected] with your name and contact information. Answers to all questions will be posted on a rolling bases until November 11, 2025, on this page.

Submission Guidelines

Detailed submission guidelines and requirements are outlined in this RFP, available as of April 11, 2018. To download a copy of the RFP, please visit edc.nyc/rfps. Signed copies of all six addenda must also be provided. Responses are due on the following dates:

• November 27, 2024
• February 26, 2025
• May 28, 2025
• August 27, 2025
• November 26, 2025

Please submit your response via electronic upload by clicking here and uploading your proposal.

When uploading your response, please submit all documents in a single zip file labelled with your company name. Please note that Chrome Browser is the preferred method to upload your electronic responses to the current procurement. Technical questions pertaining to downloading and submitting proposals to this RFP may be directed to RFPRequest@edc.nyc.

M/WBE

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please click here.

Vendor Resources

Because NYCEDC’s projects are generally funded with public funding sources, working with NYCEDC on many of our projects requires the completion and submission of certain forms and documents. Click here to register with PASSPort, a database of information of vendors who do business with NYC, learn how to obtain proof of insurance, download Doing Business Accountability project forms, and more.