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In this episode of "On Our Terms," hosts Cody Thomas and Michael Bomba discuss the owner's budget section of the B101 contract, specifically section 1.1.3. Although this section is brief, Bomba emphasizes its significance, suggesting that issues surrounding the budget often lead to the majority of claims in owner-architect relationships. They note the concise nature of this section in the agreement, yet highlight its critical role in defining the owner's budget for project costs. Overall, this segment underscores the importance of a clearly defined budget to prevent disputes and ensure successful project outcomes.