Exchange

A contract or agreement for the exchange of a right or property for another right or property. A tender for the exchange of immovable property is held under the negotiated procedure by virtue of subparagraph (g) of Article 51 of the Law, whatever the value and quantity. No performance bond is taken in exchange transactions and it is not compulsory to conclude a contract. Exchange transactions of departments within the general budget, annexed budget administrations, special provincial administrations and municipalities are carried out under State Procurement Law No. 2886.