Exchange/Sale is an authority provided by 40 U.S. Code § 503. It allows agencies to exchange or sell non-excess, non-surplus personal property and apply the exchange allowance or sales proceeds towards the acquisition of similar personal property. Using the exchange/sale authority reduces the cost of replacement personal property.
Agencies should consider using the exchange/sale authority before considering other disposal options. Exchange/sale may apply when agencies plan to acquire similar products and other requirements of the authority are satisfied. Agencies should not use the exchange/sale authority if the exchange allowance or estimated sales proceeds for the personal property will be unreasonably low.