When does the government require CAS compliance?
A contract can either be exempt from CAS coverage or CAS coverage applies and a disclosure statement must be submitted. Reasons that the government may exempt a contract or subcontract from CAS coverage include size of the business unit; dollar amount of contract award; small business concern; acquisition of commercial items; method of pricing or foreign contractor or performance.
A disclosure statement is required for any business unit that receives a contract in excess of $50M or for any company which, together with its segments, received net CAS-covered contract awards exceeding $50M in the contractor’s previous accounting period. The government reviews the disclosure statement for adequacy and compliance.
Basic Member
Mary Ann Wangemann
1 CI INC
Expertise Expertise: 5
Most Recent
- FPS: Concentrated Course in Government Contracts; Dulles, VA; March 26-29, 2012
- FPS: DCAA Contractor Business Systems and Internal Controls; Dulles, VA; March 21-22, 2012
- FPS: Teaming Agreements and Advanced Subcontracting Issues; Arlington, VA; March 21-22, 2012
- FPS: Advanced Government Contract Administration Workshop; Arlington, VA; March 20-21, 2012
- FPS: Subcontract Administration for Buyers and Sellers; Dulles, VA; March 19-20, 2012
- FPS: Concentrated Course in Government Contracts; Dulles, VA; March 26-29, 2012
- FPS: DCAA Contractor Business Systems and Internal Controls; Dulles, VA; March 21-22, 2012
- FPS: Teaming Agreements and Advanced Subcontracting Issues; Arlington, VA; March 21-22, 2012
- FPS: Advanced Government Contract Administration Workshop; Arlington, VA; March 20-21, 2012
- FPS: Subcontract Administration for Buyers and Sellers; Dulles, VA; March 19-20, 2012
Most Highly Rated
- FPS: Concentrated Course in Government Contracts; Dulles, VA; March 26-29, 2012
- FPS: DCAA Contractor Business Systems and Internal Controls; Dulles, VA; March 21-22, 2012
- FPS: Teaming Agreements and Advanced Subcontracting Issues; Arlington, VA; March 21-22, 2012
- FPS: Advanced Government Contract Administration Workshop; Arlington, VA; March 20-21, 2012
- FPS: Subcontract Administration for Buyers and Sellers; Dulles, VA; March 19-20, 2012