A review of the market rate for providing comparable management services performed to a specified standard was conducted by benchmarking the management costs against the Asia-Pacific industry averages to determine if the costs were acceptable for use within the subject property wood-flow and cash-flow models.
UTT’s benchmarking is a systematic process which identifies and compares the highest standards of excellence for a product, service, or process across the market.
The management intent of privately managed forests varies considerably with size of the resource, the owners’ objectives, and prevailing government regulations. Clearly, poorly planned and executed forest management activities generate costs that can be avoided.
