Title 48
SECTION 852.228-70
852.228-70 Bond premium adjustment.
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)