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In a discussion about pricing jobs in construction, the speaker reflects on experiences of underbidding projects, acknowledging that many in the industry have faced similar situations. Over time, they learned the importance of having a robust contract that protects both the contractor and the customer. The speaker emphasizes the value of including clauses for unforeseen circumstances, as new contractors may overlook potential additional costs. They note that sometimes customers may resist spending more for unexpected issues, making it crucial to have those protections outlined in the contract to avoid being taken advantage of.