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In this video, Scotty from Ogden Built discusses the basics of construction contracts for contractors in the industry. He emphasizes the necessity of having contracts and agreements to avoid misunderstandings, especially regarding additional costs at the project’s end. Scotty shares his initial hesitance to create detailed contracts due to concerns about being financially trapped. However, he found that drafting a comprehensive agreement allowed him to specify every detail and secure payment for his work. By being thorough, both he and the client were satisfied with the final outcome, highlighting the importance of clarity in construction agreements.
