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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts. He emphasizes the importance of having agreements in place for contractors in the construction industry. Scotty shares his experience of writing contracts after a builder expressed concern about potential extra costs at the project's end. Initially reluctant, he learned that by detailing every step and aspect in the contract, he could protect himself while ensuring the owner was satisfied with the work. Ultimately, the detailed contract allowed both Scotty and the owner to feel fulfilled, as all expectations were clearly outlined and compensated.
