GroundRules
48 CFR 852.228-70: 852.228-70 Bond Premium Adjustment.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 8—DEPARTMENT OF VETERANS AFFAIRS
- SUBCHAPTER H—CLAUSES AND FORMS
- PART 852—SOLICITATION PROVISIONS AND CONTRACT CLAUSES
- Subpart 852.2—Text of Provisions and Clauses
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)
Collected 2026-08-27T02:26:29Z. Source file · JSON