Welcome everyone. The purpose of today's seminar is to give you an understanding of the residential building contract and the sections that underlie and are behind this contract. Joining us today are two of my colleagues, John Duncalf and Paul Kearney. Both are builders and have been long-time industry participants with a great underpinning knowledge of how the contract should be used and what's behind it. They will show you how the contract can be used as a successful tool in your building business. It is my hope that you will leave here with a greater understanding and confidence that this is an easy and powerful tool to use that will add value to your business throughout your working career as a principal contractor. To lead off today's discussion, I'd like to introduce my good friend Paul King. Thanks, Damon. Welcome, everybody. Okay, guys, we're here to talk about contracts. First, I'd like to get a feel for you. I'd like to see a show of hands of those of you who currently have a BSA contractor's license, whether it's a carpenter license, bricklayer license, or even the restricted builder's license. Okay, good. Now, tell me, those of you who currently have a contract in place either with your builder or an owner, if you work for an owner, be honest. Okay, not the greatest, but not too bad. The fact that so many of you put up your hands to say that you have a contractor's license is good, but you've already been through this. You've been through your business management course, and you know that by law, you need to have contracts. You're going to hear me say that a lot today because it is the law. So why don't you have contracts in place, particularly with your builders? I...
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