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In this video, Scotty from Ogden Built discusses the basics of construction contracts for contractors in the construction industry. He emphasizes the importance of having contracts and agreements to prevent misunderstandings, particularly regarding additional costs at the end of a project. Scotty shares his initial hesitation in writing contracts due to concerns about being trapped into unfavorable deals. However, he explains that by creating detailed agreements that outline every step of the process and associated costs, he was able to satisfy both the property owner and himself, ensuring clarity and fair compensation for his work.
