Long Term Contracts
Long Term Contracts (LTCs) are typically five-year contracts. They are offered as standing or roadside sales. LTCs are tendered at a set volume, spread equally over the contract term. Price is typically revised annually on roadside contracts and on a lot-by-lot basis on standing contracts.
There are no plans to offer any further Long-term Contracts at present. We will continue to monitor and review the situation and will advertise any opportunities for further contracts should the need for more arise.
NRW will be making changes to its Timber Sales Plan for 2017/18 following the early closure of some Long Term Contracts. These contracts will be wound down in ways that minimize the impact on the supply chain. The earlier ending of the Long Term Contracts means that more volume will be offered to the open market during the course of the year in accordance with NRW’s current Timber Marketing Plan. The revised Sales Plan will be shared with customers shortly.
These contracts offered:
- A guaranteed long-term timber supply
- Support for investment in the timber industry in Wales