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Scotty from Ogden Built discusses the importance of having contracts in the construction industry. He emphasizes that contracts create essential agreements and help prevent disputes, especially concerning additional costs at the end of a project. Scotty shares his initial reluctance to draft contracts due to fears of losing money, but highlights the benefits he experienced after creating a detailed agreement. By outlining every detail and ensuring all aspects were covered, both he and the client were satisfied with the outcome, ultimately leading to fair compensation for his work. This tutorial aims to guide contractors on necessary contract elements and the reasons for their importance.
