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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts essential for contractors in the construction industry. He emphasizes the importance of having agreements to avoid misunderstandings, particularly concerning unexpected costs at the end of a project. Scotty shares his initial reluctance to write contracts due to concerns about being trapped in unprofitable agreements. However, by creating a detailed contract that outlined every step of the project, he ensured both the owner’s satisfaction and proper compensation for his work. The video highlights the significance of including all necessary details in contracts to protect both parties involved.
