TRUE$/$FALSE$.$ Write $\text{'}T\text{'}$ if the statement is true and $\text{'}F\text{'}$ if the statement is false.

The type of engineering contracts to choose is depends on the types and size of work.

The rate at which burden costs are applied to indirect cost is known as the burden rate.

Using Burden Rates is a good way to manage your projects' costs by knowing just how much money you are spending on burden costs to get a project done and collectively all your projects.

To sum up$,$ agreements are termed as a contract, if it comprises all the essential elements that constitute a contract.

Managers can analyze how production rates can fluctuate, boost parts of the process that contribute to lower rates and address problems that are causing higher rates.

Lump$-$sum contract is very flexible by nature, any inaccuracies in the first bid aren't very detrimental compare to Cost$-$plus contracts.

Construction specifications are typically prepared by architects or engineers, so sometimes the technical jargon can be overwhelming and confusing.