Mitigation, Anyone?

Whether you are a state transportation agency, or a developer of private or other public works projects, and have expected or unanticipated impacts  to wetland and/or stream systems, sooner or later you will be facing the question of how to provide the required compensatory mitigation.
State and federal regulatory agencies would like you to produce the mitigation at the earliest possible time and as close to the impacts as possible, but if you're not in the mitigation business yourself, the wrong choice could be costly.

You Have Options

1. Do it Yourself (DIY)

2. Buy Mitigation Credits from a Bank

3. Acquire Mitigation through Full-Delivery

DIY

Unless you are already producing mitigation, this can be the riskiest choice to make. You need qualified staff with a variety of skills including finance, land acquisition, the environment, construction and project management (and the money to pay them.)  The smallest mitigation project can involve a lot of people, which is why even large companies do not make this choice, prefering to outsource.

Banks

A convenient choice, but only if the mitigation bank has a readily-available inventory of regulatory agency approved credits of the type you need and in the right location. You should always check to see if this option is available.

Full-Delivery

If you can manage projects of any kind and are involved with making purchases (which company or agency doesn't do both?), then this option is for you.  You are in complete control since you specify what you need, where you need it, and when you need it in a Request for Proposals.  Then you sit back and watch the interest from private firms that produce mitigation as their primary reason for existence. After a value and financial review of the proposals, you can make a selection that guarantees you will get what you pay for. The selected mitigation firm gets on with its business, and you get on with yours - permits in hand!

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