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Scotty from Ogden Built discusses the basics of construction contracts in this tutorial. He emphasizes the importance of having contracts and agreements in place for contractors in the construction industry. He shares his personal experience of initially hesitating to write contracts due to concerns about being financially trapped, but eventually recognizes the value of detailed agreements. By including all aspects of the project in writing, he ensured that both the project owner and himself were satisfied, leading to successful completion and payment. The video covers essential components to include in contracts and highlights their role in preventing disputes over project extras.
