Common use of Bond Reduction Clause in Contracts

Bond Reduction. Upon Contractor’s writ- ten request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obligations, including

Bond Reduction. Upon Contractor’s writ- ten written request, Contracting Officer shall redetermine the amount of Contractor’s performance bond to an amount not less than Contractor’s remaining obligationsobliga- tions, includingincluding the value of Included Timber remaining on Contract Area, plus the estimated cost of uncom-‌ surety bond shall be returned to Contractor, subject to the conditions in B9.5.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌