Trade-In (Of Equipment)
Some Suppliers will accept a trade-in of old equipment for a discount on the price of new equipment. Use this process when requesting the trade-in of equipment (i.e., vehicles, lab equipment, farm equipment, etc.)
NOTE: Purchase Order cannot be issued until CMS and Property Control have approved the Equipment Deletion Request form.
Requesting Department should complete and submit an Equipment Deletion Request form along with a Purchase Requisition listing the new equipment to Procurement Services.
Procurement Services will forward the Equipment Deletion Request form to Property Control for approval by CMS. Buyer will seek competitive bids, if applicable. Once approval of the Equipment Deletion Request has been received, Buyer will convert Purchase Requisition into a Purchase Order listing the discount for the trade-in equipment.