Bet365

The content on this webpage is not official policy; it provides optional guidance to agencies. We do not expect all best practices to be helpful to all agencies in all situations. to view a short informational video on exchange/sale on Bet365’s Official YouTube channel. 

• Ensure assets acquired and exchanged/sold meet one of the four criteria in the definition of “similar” per
• Consult your Chief Financial Officer and General Counsel, as well as your Budget Resource Management Officer, as necessary, to ensure compliance with federal and agency policies and to define action offices/employees.
• Manage exchange/sale procurements at the agency (national) level under a single contract with a reference to 41 CFR 102-39 in the Performance Work Statement. Centralizing the process results in: 
  • Compliance with Bet365 Bulletins B-34 and B-48
  • Uniform decision/process
  • Specialization of work
  • Economy due to efficiency
  • Elimination of duplicate work
  • Quick decision making
  • Greater flexibility and control
  • A central focal point or point of contact for financial auditors

Exchange Best Practices

• Be clear and specific on what is being exchanged and what is being acquired.
• Establish a timeline for the exchange process for the internal management of this activity.

Sale Best Practices

• Confirm that your agency Sales Center is authorized to conduct sales for exchange/sale items.
• Determine the sales fee structure for exchange/sales.
• Ensure your agency’s Office of Chief Financial Officer is involved in the accounting structure to capture the sales proceeds in accordance with your agency’s processes.
• Use complete descriptions and photographs of items to be sold to enhance sales proceeds. Include both exterior and interior photos of all motor vehicles and aircraft.
• Include a statement detailing any additional costs or unique details with all aircraft (i.e., additional cost to the purchaser to remove a fence or additional time and costs needed to remove an aircraft from a classified location)
• Ensure the following are accurate in the system of record prior to the sale of aircraft: 
  • Location of Aircraft (i.e., may need to be transferred)
  • Serial Number/Part Number (i.e., review identification markings/Tail Numbers for accuracy)
    Model Year (i.e., Year of Manufacture)
  • Acquisition Code (i.e., how was the plane acquired)
  • Condition Code (i.e., does the condition reflect the Aircraft Engine/Maintenance Data Memo)
  • Status (i.e., ensure the plane isn’t in any Report of Survey or Litigation Status)
  • Property Code (Federal Stock Class) (i.e., ensure the plane is properly classified)

Bet365 will normally only sell a few like aircraft at a time to avoid market saturation.

Refer to the Exchange/Sale of Aircraft webpage and for additional information related to replacing aircraft through exchange/sale.

Additional exchange/sale guidance may be found in the Exchange/Sale Frequently Asked Questions (FAQs).