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In this tutorial, Scotty from Ogden Built discusses the basics of construction contracts, emphasizing their importance for contractors in the industry. He explains that having clear contracts and agreements helps avoid misunderstandings, especially regarding costs associated with extras at the job's end. Scotty shares his initial apprehension about writing contracts, fearing it might limit his profit potential. However, by creating a detailed agreement that accounted for every step and detail of the project, he ensured that both the owner and himself were satisfied with the outcome. Thus, a well-structured contract not only leads to fulfillment of promises but also guarantees appropriate payment.
