Price and payment schedule

This is the place in the contract where the price is specified, as well as the timing of payments.

Also, how will the payments be made? For example, on a lump sum basis (e.g., $10,000 for all timber marked with blue paint? $47,415 for all timber within the area designated on the map as "lot A"?)

or

on a mill tally basis (e.g., $317 per Mbf (thousand board feet) of red oak, as estimated by the mill that receives the logs; $41/Mbf of red maple, $118/Mbf of white pine).

See the article from the Massachusetts Forestry Association's Woodland Steward on how bids for lump sum timber can vary significantly.