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The key points in the text are about the importance of being clear and detailed in a construction proposal. It discusses the need for general contractors to deal with many details in a bid, and for subcontractors to leave a clear trail of what they are bidding. The text also mentions the use of a master format, which is a standard for addressing all details in a construction project. It provides an example of a bid for masonry veneer and explains that it typically includes labor and materials for installation.