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In this video, Scotty from Ogden Built discusses the basics of construction contracts essential for contractors in the construction industry. He emphasizes the necessity of having agreements in place to prevent unexpected costs at the end of a project. Scotty shares his initial reluctance to draft detailed contracts due to concerns about potential financial liabilities. However, he ultimately created a comprehensive agreement that outlined every detail and allowed for fair pricing. As a result, both the client and the contractor were satisfied: the client received what was promised, and the contractor was compensated for all work performed.
