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The text outlines the fundamental contract documents necessary for construction contracts, emphasizing the significance of contract management throughout a project's lifecycle. The primary goal is to ensure objectives are met and value is achieved. Construction contracts are notably complex, and the essential documents involved include both written and graphic elements that clarify the roles and responsibilities of both parties as well as project details. The first key document is the contract agreement, which specifies the mutual obligations between the client and contractor. The second is the scope of work definition, which describes the project and deliverables in detail. The video identifies a total of nine essential contract documents critical for effective construction project management.