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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts for contractors in the industry. He emphasizes the importance of having clear agreements in place to avoid misunderstandings, particularly regarding additional charges at the project’s conclusion. Scotty shares his personal experience, highlighting his initial hesitance to draft contracts due to concerns about potential financial risks. However, by meticulously detailing every aspect of the project in the agreement, he was able to ensure both the client's satisfaction and his own financial security. The tutorial outlines the necessity of thoughtful contract writing as a means to achieve mutual assurance and clarity in construction projects.
