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Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. To ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
The Central Committee on Lumber Standards was started in 1922 by Herbert Hoover when he was U.S. Secretary of Commerce at the request of the lumber industry. [4] Chaired by John W. Blodgett, the Central Committee was intended to be a way to create voluntary lumber standards without imposing formal government regulations, in order to solve the problem of lumber manufacturers selling lumber that ...
Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Hines Supply (originally the Edward Hines Lumber Company), based in Buffalo Grove, Illinois, in the United States, is a company which manufactures lumber, plywood and other wood products. [1] It also sells related services such as consultations and cost estimates for building projects.
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