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In this video, Scotty from Ogden Built discusses the basics of construction contracts. He emphasizes the necessity for contractors to have agreements in place, outlining the reasons and essential components to include in these contracts. Scotty shares his experience of writing a detailed agreement for a builder who wanted clarity to avoid unexpected costs at the end of a project. Initially apprehensive about potential financial drawbacks, he found that by meticulously documenting all steps and details, both he and the property owner were satisfied. The thorough contract ensured that he was compensated for all agreed-upon work, leading to a successful outcome for both parties.
