| Price and Payment Schedule |
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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. |
This is the place in the contract where the price is specified, as well as the timing of payments.
