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In this video, Joseph Patrick, co-founder of Lamont Brothers, provides tips on what to look for in a remodeling construction contract. He emphasizes the importance of an exhaustive scope of work in the contract to ensure clear communication and avoid future regrets. It is advised to have everything you want included in the scope of work to avoid any misunderstandings during the project. Joseph also highlights the importance of thorough contract review to prevent entering into a bad situation with a contractor.