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In this video, Scotty from Ogden Built discusses the fundamentals of construction contracts essential for contractors in the industry. He emphasizes the necessity of having contracts and agreements in place to avoid misunderstandings about additional costs at the end of a project. Scotty shares his experience of initially hesitating to write contracts due to concerns about being financially trapped. However, he found that creating a detailed agreement allowed him to outline every aspect of the job clearly, satisfying both the owner and himself by ensuring comprehensive coverage and proper payment. He highlights the importance of meticulousness in contract writing.
