48 C.F.R. §§ 852.228-70

Current through October 31, 2024
Section 852.228-70 - Bond Premium Adjustment

As prescribed in 828.106-70, insert the following clause:

Bond Premium Adjustment (JAN 2008)

When net changes in original contract price affect the premium of a Corporate Surety Bond by $5 or more, the Government, in determining the basis for final settlement, will provide for bond premium adjustment computed at the rate shown in the bond.

(End of clause)

48 C.F.R. §§852.228-70

86 FR 54402 , 11/1/2021