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In this video tutorial, the focus is on construction contracts between clients looking to build or remodel homes and general contractors. It explains that construction agreements can be complex but aims to clarify them. There are four main types of construction contracts: 1. **Fixed Price**: A set price covers all materials and labor, with clients also agreeing to pay contractors' costs plus a profit margin.2. **Cost Plus**: Clients pay for materials and labor at cost, while contractors earn a profit through a percentage of total costs or a fixed fee, sometimes with a cap on total expenses.3. **Time and Material**: Clients pay for materials and labor at negotiated rates, with contractors charging more than their actual staff costs.4. **Unit Pricing**: Contracts are established on a per square foot basis for specific projects. The video aims to simplify these concepts for better understanding.