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The speaker discusses experiences with underbidding jobs in construction, emphasizing that many contractors have faced similar situations. They highlight the importance of learning from these experiences and having a solid contract in place to protect both the contractor and the customer. The speaker notes that new contractors might not anticipate unforeseen circumstances, which can lead to increased costs. It’s vital for contracts to include provisions for unexpected issues, such as discovering rot, so that customers understand potential additional expenses. This helps prevent misunderstandings and potential exploitation of contractors.
