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In this session, Scotty from Ogden Built discusses the essentials of construction contracts for contractors in the industry. He emphasizes the necessity for having clear agreements to avoid misunderstandings, especially regarding additional costs that can arise at the end of a project. Scotty shares his experience of creating a detailed contract to satisfy both the builder's expectations and his own financial interests. By carefully outlining all aspects of the job in writing, he ensured that the project was completed per the agreement, leading to satisfaction for both the owner and himself in terms of payment and fulfillment of promises.