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In this video tutorial, the speaker emphasizes the importance of understanding subcontract agreements, as most project packages involve subcontractors. The tutorial will break down the subcontract agreement and highlight 11 crucial headings found in any such agreement. A subcontract agreement is defined as the contract between the main contractor and subcontractor for executing part of the works. The presenter mentions a previous video that clarifies the differences between a main contractor and a subcontractor, with a link provided in the description for further reference. The breakdown of the subcontract agreement is set to commence.