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In construction, many contractors have experienced underbidding a job, realizing it should have cost more. Learning from these experiences, it's important to establish a strong contract that protects both the contractor and the customer. New contractors often overlook unforeseen circumstances that can increase costs but lack the appropriate clauses in their contracts to address these situations. Customers may resist additional costs, sometimes trying to take advantage of contractors. To mitigate this, contracts should include provisions for unexpected issues, such as discovering rot or other problems during the project.
