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In this tutorial, Scotty from Ogden Built discusses the basics of construction contracts essential for contractors in the construction industry. He emphasizes the importance of having clear agreements in place to avoid misunderstandings, particularly regarding additional costs at the end of a project. Scotty shares his experience of writing a detailed contract for a builder who sought clarity, which initially made him apprehensive about being undercompensated. However, by meticulously including every detail in the agreement, both the owner and Scotty were satisfied: the owner felt assured that all promises were fulfilled, and Scotty received appropriate payment for his work.
