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Scotty from Ogden Built discusses the importance of construction contracts in the industry. He emphasizes that contractors need to have agreements in place to avoid misunderstandings, particularly regarding additional costs at the project's end. He shares his experience of creating a detailed contract for a builder who wanted clarity on inclusions. Initially hesitant due to concerns about potential losses, Scotty’s thorough approach in documenting each step led to a satisfactory outcome for both the owner and himself. This experience highlighted the necessity of clear contracts in ensuring that expectations are met, and fair payment is received.