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In the video tutorial, Joe discusses the importance of pricing a job correctly in construction. He mentions that underbidding is a common mistake and can lead to learning experiences. Having a well-structured contract in place can protect both the contractor and the customer from unforeseen circumstances that may arise during the project. Joe emphasizes the need to include provisions in the contract for additional costs that may occur due to unexpected issues, such as rot or other unforeseen circumstances. This practice helps prevent misunderstandings and ensures fair compensation for both parties involved in the project.
