Pay-for-Performance in Puget Sound Restoration

Background
The Puget Sound Partnership (PSP) is the Washington state agency responsible for leading the restoration and protection of the Puget Sound ecosystem and salmon recovery. The agency aims to mobilize funding for these efforts, including innovative financing mechanisms such as pay-for-performance contracts.

This RFP seeks collaboration in developing at least four solicitations to identify and implement pay-for-performance initiatives for ecosystem restoration in Puget Sound, incentivizing project outcomes and implementation.

Work Details
The contractor will develop at least four model solicitations for pay-for-performance initiatives focusing on ecosystem restoration and salmon recovery across various landscapes and jurisdictions. Key deliverables include:

1) Performance Metrics to measure environmental outcomes;
2) Verification processes for assessing performance;
3) Outcome-Based Payment Terms linked to verified results.

The contractor is expected to create a comprehensive proposal that outlines tasks, deliverables, timelines, and team responsibilities while considering flexibility for negotiations. The scope of work should also address environmental justice considerations, funding sources, and compliance with local procurement laws.

Period of Performance
The contract period is expected to commence upon execution and continue through December 31, 2025. There may be options to extend the contract for up to two additional years if further funding becomes available.

Place of Performance
The geographic focus of the contract is the Puget Sound region in Washington State.