Code of Federal Regulations (alpha)

CFR /  Title 48  /  Part 852  /  Sec. 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)