Q. In your last issue, you said the CAS threshold has increased from $25 million to $50 million and that the trigger contract is now $7.5 million. What do you mean by “trigger” contract?
A. The trigger contract concept is an old one that has not been in use in recent years but has been brought to life by the new legislation. It means that no contract is CAS-covered until one CAS-covered contract in excess of $7.5 million is awarded. Once this occurs then each contract over $500,000 that is not otherwise exempt is covered by CAS.
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