Award

2022-032 Bloomberg Service

OFGEM

This public procurement record has 1 release in its history.

Award

22 Apr 2022 at 16:45

Award Notice
Summary of the contracting process

The procurement process involves Ofgem, the energy regulator in the UK, which is located at 10 South Colonnade, Canary Wharf, London. The contract, titled "2022-032 Bloomberg Service," falls under the services category, specifically for subscription services to access the Bloomberg terminal. The procurement method employed was selective, following a restricted procedure. The tender for this service was completed, with the contract period running from 16th March 2022 to 15th March 2024. Key dates include the tender period ending on 1st January 2022 and the award date being 16th March 2022.

This opportunity is ideal for businesses that provide subscription services or software related to market data analysis, particularly small and medium-sized enterprises (SMEs) as they are encouraged to participate. The awarded contract, valued at £26,400, presents a chance for growth in the competitive field of data analytics services, catering to organisations that require access to real-time market information for regulatory decisions and analysis.

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Notice Information

Notice Title

2022-032 Bloomberg Service

Notice Description

A subscription service to access Bloomberg terminal located in the Ofgem London office, used to access real-time data on wholesale market prices and fundamental data which is required for updating those within and outside the organisation on wholesale market developments. The data is used to: Data is summarized and presented in analysis backstopping regulatory decisions. consultant reports source their analysis with reference to a particular Bloomberg data series.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-023cf79f-54f1-44d0-98e7-1f854018a3d5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3cc2e19a-6e8a-4302-a012-cf0243f5cef9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

48218000 - License management software package

79980000 - Subscription services

Notice Value(s)

Tender Value
£26,400 Under £100K
Lots Value
Not specified
Awards Value
£26,400 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Apr 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
16 Mar 20223 years ago
Contract Period
16 Mar 2022 - 15 Mar 2024 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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