Hull LM-047, Custom Yacht Proposal | Lyman-Morse Boatbuilding Co.

Proposal LM-NC-2026-047 · Hull LM-047 · Valid Through July 24, 2026

45-Foot Cold-dfgdfgfdfdgfdbCruiser

A purpose-built vessel conceived for sustained, owner-operated passages along the Eastern Seaboard and into higher-latitude waters. Built without compromise.

45'

Length Overall

32 kts

Maximum Speed

350 nm

Range

Q2 '28

Target Delivery

$2M

Fixed Turn-Key

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A Note Before We Begin

There are builders who construct boats,
and builders who construct your boat.

"Hull LM-047 is not a production vessel adapted to your preferences. It is a purpose-built, cold-molded express cruiser designed from the keel up around your intended use."

At Lyman-Morse, we have spent 48 years working alongside owners who know exactly what they want and expect a yard that can deliver it without compromise. Every specification, every material selection, every system integration decision in this proposal reflects that intent.

What follows is a complete account of what we will build, how we will build it, what it will cost, and what you can expect from us throughout the process and beyond delivery.

Hull LM-047

Vessel Specifications

Timeless proportions, carefully chosen materials, a pilothouse geometry that prioritises visibility, and an interior suited to daily living rather than episodic entertaining.

Express cruiser yacht underway at speed on open water

Hood-class program, Lyman-Morse Boatbuilding

LOA	45'0"
LWL	39'6"
Beam	14'6"
Draft	3'2"
Displacement	28,500 lbs
Fuel Capacity	300 gallons
Water Capacity	120 gallons xvxbbb
Cruise Speed	24 knots
Maximum Speed	32 knots
Range	~350 nautical miles
Accommodations	2 staterooms, 1 head
Propulsion	Volvo Penta D6 IPS · 440 HP

Design Philosophy

Restraint and integrity. This is a working yacht, built to perform, built to last, and built to be used. Every decision prioritises function, repairability, and motion comfort at sea over showroom appeal.

Method & Materials

Cold-Molded Construction

A method that combines the structural elegance of traditional boatbuilding with the performance characteristics of modern composite engineering. Not chosen for nostalgia, chosen because it is right.

Hull & Primary Structure

Multiple layers of Douglas fir and western red cedar over permanent framing, sheathed in epoxy and post-cured to achieve a unified, void-free structure with exceptional stiffness-to-weight ratio.

Douglas fir & western red cedar laminate

Epoxy sheathing, post-cured

Superior impact resistance & repairability

Allocation: $340,000

Deck & Superstructure

Composite construction throughout, reducing weight aloft and improving stability and motion comfort at sea. Teak deck overlay straight-laid, caulked, and book-matched.

Composite deck reduces weight aloft

Teak overlay, straight-laid & book-matched

Allocation: $180,000 + $50,000 teak

Propulsion

Volvo Penta D6 IPS, single installation, ~440 HP. Selected for its low acoustic signature, fuel efficiency at cruise, and joystick maneuvering capability that makes single-handed operation genuinely manageable.

Low acoustic signature

Joystick maneuvering for single-hand docking

Allocation: $220,000

Electrical & Navigation

Lithium house bank ~800 Ah with inverter/charger. Northern Lights or Onan 9 kW generator. Full Garmin or Raymarine MFD suite with integrated autopilot, VHF, AIS, satellite, and radar.

800 Ah lithium house bank

ABYC-compliant installation throughout

Serviceability as a primary constraint

Marine boatbuilding yard, wooden frames and hull construction under workshop lighting

"Cold-molded construction at this scale delivers exceptional stiffness-to-weight ratios, superior impact resistance, and a repairability profile that fiberglass and carbon monocoques cannot match."

Interior & Finish

Crafted for Sustained Use

The interior of Hull LM-047 is conceived for sustained use, not showroom presentation. Every finish decision will be made in direct collaboration with the owner during the design discovery phase.

Superyacht interior showing warm teak joinery and considered lighting

Joinery Budget, $165,000

Owner-selected species, teak or cherry, executed by Lyman-Morse's in-house joinery and finish department. Awlgrip paint system on all exterior surfaces.

Tender & Davit / Launching System $25,000

Custom Furniture, Art & Personal Effects $20,000

Galley Appliance Upgrades $15,000

Total Owner Allowances $60,000

Owner's Note All allowances are held within the contract price and reconciled at delivery based on actual selections. Unused balances are credited back to the owner.

Investment Summary

Fixed Turn-Key Price. No Surprises.

A single fixed price inclusive of design, engineering, materials, labor, project management, builder's risk insurance, launch, and sea trials. There are no hidden escalators and no ambiguous line items.

Hull LM-047, Turn-Key Contract Value

$2,000,000

USD, Fixed

All-inclusive. Design through delivery. Builder's risk insurance maintained by Lyman-Morse throughout construction; proof of coverage issued quarterly.

Allocation by Category

Interior Joinery & Fit-Out18%

Hull & Primary Structure17%

Propulsion & Mechanical11%

Deck & Superstructure9%

Electrical Systems8%

Design & Engineering6%

Electronics & Navigation5%

Plumbing & HVAC5%

Paint & Exterior Finish5%

Owner Allowances3%

Milestone Payment Schedule

All payments are milestone-linked. Invoices are payable net 15 days. No milestone invoice is released without verification by the Lyman-Morse Project Manager.

Build Milestone	%	Amount
Contract execution	15%	$300,000
Hull lamination commenced	20%	$400,000
Hull flipped & deck joined	20%	$400,000
Systems rough-in complete	15%	$300,000
Interior fit-out substantially complete	15%	$300,000
Paint complete & ready for launch	10%	$200,000
Successful sea trials & delivery acceptance	5%	$100,000
Total	100%	$2,000,000

The $60,000 design contingency is owner-controlled, held against approved change orders and discovered conditions. Any unused balance is credited back to the owner at final reconciliation. This is not a builder's cushion; it is a transparent reserve managed in the owner's interest. All change orders require written owner approval before execution.

Build Schedule

20 Months. Structured & Resourced.

The schedule is not aspirational. Lyman-Morse does not overcommit its production capacity. Hull LM-047 will receive the dedicated attention its scope demands.

Milestone 0, Contract

Contract Execution

Target within 60 days of proposal issuance. Legal review of the full Construction Agreement with owner's counsel. Design deposit of $300,000 (15%) initiates the build formally.

By ~June 23, 2026

Phase 1, Months 1–4

Design Discovery & Lofting

Design discovery meeting with Lead Designer and Project Manager. Owner-facing drawings produced. Layout, materials, and finish palette refined. Hull lofting and pattern development. First milestone: hull lamination commenced.

Phase 2, Months 5–10

Hull Construction & Systems Rough-In

Cold-molded laminate applied. Hull flipped and deck joined. Systems rough-in, mechanical, electrical, plumbing, and HVAC. Weekly written progress reports with photographs commence.

Phase 3, Months 11–17

Interior Fit-Out & Paint

In-house joinery and finish department executes cabinetry, millwork, and interior furnishings. Awlgrip paint system applied to topsides, hull, and superstructure. Monthly video reviews continue with owner and Lead Designer.

Phase 4, Months 18–20

Launch, Commissioning & Sea Trials

Electronics commissioning, final systems certification, launch, and sea trials. Owner's two-day crew training included. Delivery acceptance and warranty registration completed on owner's behalf.

Target Q2 2030

Your Project Team

Named & Dedicated Throughout

Hull LM-047 will be managed by a dedicated, named team from contract through delivery. You will not be handed off between departments or left to navigate the yard on your own.

Lead Role

Project Manager

Single point of contact for the full build duration. Owns schedule, budget, and weekly reporting cadence. Your direct line throughout every phase, and after delivery.

Design

Lead Designer

Design intent, aesthetic decisions, owner-facing drawings. Participates in monthly video reviews throughout the build.

Engineering

Systems Engineer

Mechanical, electrical, plumbing, HVAC, and electronics integration. All systems designed and installed by Lyman-Morse's in-house engineering team.

Finish

Finish Department Lead

Paint, varnish, and all exterior detailing. Responsible for topsides, hull, superstructure, and teak deck to the Lyman-Morse standard.

Owner-Appointed (Optional)

Owner's Representative

Participates in milestone verifications alongside the Lyman-Morse PM before any invoice is released. Welcomed at all reviews and on-site visits.

Post-delivery, the owner retains direct access to the Project Manager and Production Lead for technical questions and warranty matters throughout the entire warranty period.

Warranty & Support

Built to Last Decades.
Supported Accordingly.

Month Builder's Warranty

Full coverage of defects in materials and workmanship from the date of delivery acceptance. Third-party components warranted by their respective manufacturers; registration completed on the owner's behalf at handover.

Day Punch List Window

Return to yard at no transport cost within 50 nautical miles of Thomaston, ME. Priority scheduling for all warranty work. Annual check-in at the end of the warranty period.

∞

Ongoing Yard Relationship

Original-build owners receive a preferred service relationship, winter storage, scheduled maintenance, and refit work with preferential scheduling. We intend to be your yard for the life of the boat.

Why Lyman-Morse

The Right Yard for This Vessel.

This is not a section we write to persuade. If you are reading this proposal, you already understand what a custom build requires. We offer the following simply as a statement of fact.

48 years of custom yacht construction on the U.S. East Coast, without interruption and without compromise.

End-to-end capability, design through delivery under one roof, including in-house fabrication (Lyman-Morse Fabrication), advanced systems integration (Lyman-Morse Technologies), and joinery/finish.

Cold-molded and composite expertise at a level rare in the modern marine industry. This is not a method we learned for this project.

ABYC and USCG compliance as a baseline, not a selling point. Every system installed to standard, every time.

Three owner references from comparable builds, comparable scope and budget, available upon written request. Active project walk-throughs available during your facility visit.

Maine coastline, rugged, beautiful, the natural domain of a serious offshore cruiser

Years Est.

Recommended Next Steps

From Proposal to Production.

Schedule a Facility Visit

Visit the yard in Thomaston, Maine. Walk the shop, meet the team, and see active builds firsthand. Accommodations available at The Quarters at Lyman-Morse in Camden.

Design Discovery Meeting

Refine layout, materials, and finish palette with the Lead Designer and Project Manager. Final electronics specification determined in collaboration with owner.

Legal Review of Construction Agreement

Review of the full Construction Agreement with your counsel. All change orders require written approval before execution. Escrow arrangements available at owner's election.

Contract Execution & Design Deposit

$300,000 (15%) initiates the build formally. Hull LM-047 enters production. The 20-month clock starts. Your project team is assigned and reporting begins.

Proposal Ref: LM-NC-2026-047 · Hull LM-047

Issued April 24, 2026 · Valid through July 24, 2026

New Construction Team, Thomaston, Maine

newbuilds@lymanmorse.com

Phone

207-354-6904

Location

Thomaston, Maine & Camden, Maine

Proposal Valid Through

July 24, 2026

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