Subset of presentations to the Provincial Forestry Forum in

Professional Reliance… “the practice of accepting and relying upon the decisions and advice of professionals who accept responsibility and can be held accountable for the decisions they make and the advice they give” Initially, professional reliance in timber pricing will be focused on appraisals and cruising

Benefits Increased business certainty Reduced timber pricing transaction costs Reduced timelines for stumpage rate determinations Common professional practice expectations Reduced risk resulting in greater professional reliance Increased trust between parties Increased professional competency Meets requirements of OCG and AG Increased accountability for submissions & review Increased ability for enforcement by ABCFP

Five key elements of Professional Reliance in Timber Pricing Clear legal construct and clear performance criteria (policies and procedures) Competent and informed professionals Effective and efficient verification commensurate with the risks Strong accountabilities for all parties High levels of trust among timber pricing professionals

Professional Reliance in Timber Pricing – BC Model Strengthened Professional Reliance Trust but verify SDM primary point of contact Full suite of actions to raise the bar Status QuoFull Professional Reliance Automated Rates Audit Program

Strategies  Review and revise appraisal manuals and cruise manual  Develop and conduct joint training  Implement qualified practitioner certification for appraisals Establish and recognize quality assurance protocols Standardize and automate risk assessment with improved data analysis and performance tracking  ABCFP to conduct practice reviews Review effectiveness of the deterrents for inaccurate submissions under the Forest Act