In this study we experimented setting time and basic properties as waste wood fiber and sodium silicate substitution rate to reuse waste wood fiber produced in construction field to wood chip board. To do this construction waste woods were crushed with the size less than 10mm, mixed with the rate of 1:2, 2.5, 3, and added sodium silicate with the rate of 0, 5% of cement content. The results are as follows. As the substitution rate of construction waste wood was increased delay of setting time was also increased, and the batch of adding 5% accelerator had a 13~17 hours faster setting time than non accelerator batch. The compressive strength was lower as wood substitution rate was higher, and as the specific gravity was higher, the strength was also higher. As wood substitution rate was higher, heat conductivity was lower, and as specific gravity was higher, heat conductivity also was higher.