48 CFR 852.228-70 - 852.228-70 Bond Premium Adjustment.

Regulations last checked for updates: May 19, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 14, 2024

View all text of Subpart 852.2 [852.201-70 - 852.273-74]

852.228-70 - 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)

authority: 38 U.S.C. 8127-8128 and 8151-8153; 40 U.S.C. 121(c); 41 U.S.C. 1121(c)(3); 41 U.S.C. 1303; 41 U.S.C. 1702; and 48 CFR 1.301 through 1.304

source: 73 FR 2717, Jan. 15, 2008, unless otherwise noted.

cite as: 48 CFR 852.228-70