Market Related Contract Term Addition (MRCTA) has triggered for timber sales and IRTC’s with Softwood Lumber Index 0811 for the second consecutive qualifying quarter.
This is a standard C-clause for most all Forest Service timber sale and Integrated Resource Timber contracts—C8.212.
The 2nd and 3rd Quarters of 2022 were qualifying quarters for Softwood Lumber. Qualifying sales will be eligible for 1 calendar year to be added to the contract term, upon Purchaser’s written request.
Purchasers should be receiving letters from Contracting Officers shortly.
Also, the September 2022 Bureau of Labor Statistics Producer Price Index triggered an Emergency Rate Redetermination (ERR) for contracts that use the Softwood Lumber Index (0811) and were awarded or had the last rate redetermination performed under ERR in December 2021.
See the attached pdf document for more details. (LINK BELOW.)
Also attached is a briefing paper on ERR and MRCTA from the FTPC meeting in the fall of 2021. Z(LINK BELOW).
Please note that for eligible sales, the Road Completion Date may be modified as provided for under C(CT)5.13.
Please click on the links below for more information: