I'm my own GC and it's definately saved me money, there are times I wish I had that experienced person who knows the codes and the local subcontracters but learning has it's own rewards.
Here in CT I had the choice of using ungraded timbers from a known sawmill or milling my own and paying an engineer to OK them for use, check with your local building official on what their policy is. I opted for buying most of my timbers from the local sawmill, but I did mill some of my own timbers on my Logosol M7 sawmill (Stihl 066 chainsaw powered mill) the actual cutting speed of the mill is far less of a factor than the material handling time.
Logosol makes a very nice chainsaw attachment called a Timberjig with it you can go from a tree standing in the woods to a 30' timber laying in the woods in about 1.5hrs and produce a nice firewood & rough lumber bonus.
You'll need some way of transporting the timbers so there may be an equipment investment there but depending on what you find it may have a life after the construction or sell for close to it's original purchase price.
I started with a mostly complete frame which I 'picked up on eBay' for very little money and added to it. I actually made the purchase well after the auction had ended and several conversations with the owner/builder which helped me decide if I wanted to risk buying it.
Including the money spent on assistants for the raisings and one recently graduated Heartwood apprentice who helped cut joinery I'll have spent ~$20k for a raised frame worth >$50k.
I did all my own drawings and paid an engineer to review them. What I paid in engineering fee's is roughly what the architect I spoke to wanted for just a down payment. I'm sure we'd have a very different house if we'd gone with the architect and probably wouldn't like it quite as much. We could never have afforded the number of changes I made during the drawing process and it would certainly feel less like mine. In fact by the time I started cutting I knew the frame so well I only looked at the drawings a half dozen or so times during layout.
I paid Foard Panel to supply and attach the SIPs as well as raise the office portion of my frame (which they appear to have done for no additional charge). I could have saved some money here buying materials to 'wrap and strap' the frame but the time element and lack of assistants made that less feasible.
Plumbing and electric are being handled by one local company and they have no problems with me acting as plumbers assistant and roughing in as much of the wiring as I have time to...
I milled my own siding and a good deal of 2x material for framing interior partitions and am doing all the enclosing and interior work myself. As is typical we are building slightly more house than we can comfortably afford but it will be more house and better quality materials than we'd have gotten paying for a turn key zip together and far less than a turn key timber frame home. I'm still a month or so away from being able to calculate my actual savings.
If you are comfortable running (or learning to run) a backhoe a good deal of savings can be realised by doing your our site work and 4wd backhoe can also double as a log skidder. I subbed this out as well as the concrete foundation, Steel roof, and chimney.
The chimney and roof are two places where theoretically I could have saved some money by doing it myself but the results would have been different; shingles or shakes vs. steel on the roof.
The chimney is still in process and I'm getting the 'working mans special' from our local stone mason so I'm really not saving much over doing the job myself and I'd be forced to do it differently. The chimney's brick core came it at less than half of my lowest estimate for a basic brick chimney and at just about the material cost of Duraflu triple walled pipes and enough cultured stone to imitate the field stone being added to our brick on the first floor. I'm more than happy to invest my personal labor savings into paying for real native stone professionally installed.
Hope this helps more than it confuses