What should I consider if my PI would like to trade-in a piece of sponsored equipment to purchase a new item?

If you are trading the equipment in to be used on the same project, per UG when acquiring replacement equipment, the non-Federal entity may use the equipment to be replaced as a trade-in or sell the property and use the proceeds to offset the cost of the replacement property subject to the approval of the sponsoring agency.

If you are trading in equipment purchased on one sponsored project to obtain equipment that will be used on different project or funded by another agency, please contact SPA for assistance with guidance on next steps.