§ 852.228-70 - Bond premium adjustment.

Latest version.

852.228-70 Bond premium adjustment.
Cross Reference
Link to an amendment published at 86 FR 54404, Oct. 1, 2021.
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)

                    
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§ 852.228-70 - Bond premium adjustment.

852.228-70 Bond premium adjustment.

Cross Reference

Premium Adjustment.

Bond Premium Adjustment (JAN 2008)