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In this video, Joe discusses the common experience of underbidding jobs in construction. He acknowledges that many contractors face this issue, learning from it over time. Joe emphasizes the importance of having a solid contract that protects both the contractor and the customer. He notes that unforeseen circumstances often arise during jobs, leading to increased costs that aren't covered if not explicitly mentioned in the contract. New contractors may struggle with these situations, as customers may be unwilling to pay more for unexpected expenses. Having clear provisions in contracts addressing unforeseen issues is crucial to avoid such complications.
