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In this video tutorial, Scotty from Ogden Built discusses the fundamentals of construction contracts for contractors in the construction industry. He emphasizes the importance of having agreements in place to avoid unexpected costs at the end of a job. Scotty shares his experience of initially hesitating to write detailed contracts due to concerns about potential financial traps. However, by carefully outlining every aspect of the work in writing, he successfully created an agreement that satisfied both the builder and the owner. This approach ensured transparency and accountability, allowing Scotty to be appropriately compensated for his efforts.
