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In this video, Scotty from Ogden Built discusses the basics of construction contracts. He emphasizes the necessity of having contracts and agreements in the construction industry to avoid misunderstandings regarding costs. Scotty shares his initial hesitance in drafting contracts, stemming from concerns about being trapped into unprofitable agreements. However, upon developing a detailed contract that accounted for all aspects of the job, he found that both the builder and the owner were satisfied with the final outcome. His approach ensured clarity and fairness, leading to appropriate compensation for his work while meeting the project owner's expectations.
