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In this video, Scotty from Ogden Built discusses the basics of construction contracts for contractors in the construction industry. He emphasizes the necessity of having contracts and agreements in place to avoid misunderstandings, such as unexpected extra costs at the job's end. Scotty shares his initial hesitation in writing contracts due to concerns about potential financial loss, but he eventually created a detailed agreement that included every aspect of the project. This thorough documentation ensured that both the owner was satisfied with the work done and that he received payment for all included details. The session highlights the importance of clarity and detail in construction contracts.
