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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts for contractors in the industry. He emphasizes the importance of having solid agreements in place to avoid misunderstandings and unexpected costs at the end of projects. Scotty shares his experience of initially hesitating to write detailed contracts, fearing they might limit his profits. However, after creating a comprehensive agreement that covered all aspects of the job, both the builder and he were satisfied with the outcome. The discussion highlights key steps and elements to include in contracts to ensure clarity and fairness for all parties involved.
