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In this video tutorial, Jim Holt from Eras Builders discusses construction pay applications and invoices from a builder to an owner. He emphasizes the importance of agreeing on the pay application process upfront in the construction contract, including details on what will be included, timeframes, and procedures in case of disputes. Watching another video on contract agreements is recommended to ensure all necessary aspects are covered in the agreement between the owner and builder. It is crucial to have the pay application process clearly outlined in the contract agreement before any work begins.
