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Provision of LSEG Workspace licenses for CCS Energy Trading Team

Crown Commercial Service

This public procurement record has 1 release in its history.

Award

06 Mar 2025 at 10:25

Award Notice
Summary of the contracting process

The Crown Commercial Service (CCS) has completed the procurement process for the provision of LSEG Workspace licenses for their Energy Trading Team. This tender falls under the "services" industry category, specifically point of sale (POS) software packages, and was conducted through a direct procurement method specified as a single tender action below the threshold. The contract was awarded on 21 February 2025 to REFINITIV LIMITED, with a contract start date of 1 March 2025 and a completion date of 29 February 2028. This procurement involves multiple delivery locations, including the United Kingdom, various British territories, and several international destinations across Europe, Asia, and the Americas.

This tender creates substantial opportunities for businesses operating in the software services sector, particularly those specialising in market data and news feed platforms. The awarded contract, valued at £86,063 GBP, aligns with the significant spending on commodity trading by CCS, enhancing their trading capabilities with real-time market data. Companies with expertise in providing comprehensive software solutions to manage and monitor market activities would be well-suited to compete for similar future contracts. Large scale suppliers with established capabilities in handling complex and high-value procurement will find such opportunities conducive to business growth.

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Notice Information

Notice Title

Provision of LSEG Workspace licenses for CCS Energy Trading Team

Notice Description

: Trading and Risk team spends >PS1bn pa on gas and electricity. Both are actively traded commodity contracts. LSEG's Workspace (formally Refinitiv EIKON) is a platform that gives real time market data, news feeds, on all relevant asset classes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-72046b02-d8f4-4a11-af3f-bf775a0c4e7b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fff4110b-0da1-4092-a40c-08878d261009
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48110000 - Point of sale (POS) software package

Notice Value(s)

Tender Value
£86,063 Under £100K
Lots Value
Not specified
Awards Value
£86,063 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 20251 years ago
Submission Deadline
21 Feb 2025Expired
Future Notice Date
Not specified
Award Date
21 Feb 20251 years ago
Contract Period
1 Mar 2025 - 29 Feb 2028 3-4 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
Crown Commercial Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Postcode Area
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

REFINITIV LIMITED

Further Information

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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