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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts. He emphasizes the necessity of having contracts and agreements in place for contractors in the construction industry. Scotty shares his experience of initially hesitating to write contracts due to concerns about being trapped into less profitable arrangements. However, he ultimately created a detailed agreement that outlined all steps and costs involved. This approach ensured that the owner was satisfied with the work completed, as all aspects were documented, and Scotty felt secure knowing that he would be compensated fairly for his services.
