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Scotty from Ogden Built discusses the basics of construction contracts, emphasizing their necessity for contractors in the construction industry. He shares his experience of writing contracts to avoid disputes over additional costs at the end of a project. Initially hesitant, he learned the importance of detailing every aspect of a project within the contract to protect himself and ensure satisfaction for both himself and the client. By being thorough and transparent in his agreements, he was able to fulfill his commitments and receive the appropriate payment, ultimately benefiting both parties involved.