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In this video tutorial, construction contracts between clients and general contractors are explained. There are four main types of construction contracts: 1. **Fixed Price**: A set amount for services that includes all materials and labor, with profits derived from a percentage of total costs or a fixed fee. Clients can cap total costs. 2. **Time and Materials**: Clients pay for materials and labor at agreed rates, allowing contractors to profit by charging more than their actual costs.3. **Unit Pricing**: Contracts are based on a per square foot rate, which is helpful for certain projects. The video aims to clarify these types and provide guidance on creating effective construction agreements.