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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts, emphasizing their necessity for contractors in the industry. He highlights the importance of having clear agreements to avoid unexpected costs at the project's end. Scotty recounts his experience of initially hesitating to write contracts due to concerns over limitations on profitability. However, by creating a detailed agreement that included all essential steps, he ensured that both the owner and he were satisfied. The meticulous approach allowed for proper pricing and fulfilled the project's requirements, ultimately leading to a successful outcome.
