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In this video, Scotty from Ogden Built discusses the basics of construction contracts, emphasizing their necessity for contractors in the construction industry. He shares his experience of drafting contracts to avoid misunderstandings over additional costs at the project's end. Initially hesitant to write contracts due to fears of being trapped in unprofitable agreements, he found that detailing each step and including all necessary information led to a successful outcome. By carefully outlining the work and pricing in advance, both he and the project owner were satisfied with the completion of the job and the payment received, highlighting the importance of thorough contracts in construction projects.
