Official text of 852.228-70
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)
Where it's prescribed
As prescribed in 828.106-70, insert the following clause:
Verifying this text
The text above is reproduced verbatim from GSA's published source files for the Veterans Affairs supplement. The controlling version is the one in the Code of Federal Regulations: 852.228-70 on eCFR.
Sources cited on this page