Award

Bloomberg Service

OFGEM

This public procurement record has 1 release in its history.

Award

01 May 2025 at 16:45

Summary of the contracting process

The public procurement contracting process for the "Bloomberg Service" initiated by Ofgem, headquartered in London, pertains to the acquisition of a Bloomberg Service terminal for market data analysis. The procurement falls under the services category, specifically involving a license management software package in the technology sector. The contract has been awarded through an open procedure to Bloomberg, Lp, with the contract period commencing on 13 April 2025 and concluding on 12 April 2029. Although the tender stage is past, the award was activated on 1 April 2025, and details were published on 1 May 2025. Serving various locations, including the United Kingdom and parts of Europe, this procurement indicates a high demand in the region for such technological services.

This tender presents notable growth opportunities for businesses specializing in technological and data analytics services. While the specific contract has been awarded, similar future tenders would appeal to small and medium-sized enterprises (SMEs) aiming to expand their market influence in the technology and software sectors. Given the involvement of a prominent regulatory body like Ofgem, securing such contracts could significantly bolster a business's profile and further establish its reputation within the industry. Companies with capabilities in providing software packages and managing licensing agreements would be particularly well-suited to compete in similar future opportunities, promoting further innovation and service expansion.

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Notice Title

Bloomberg Service

Notice Description

Bloomberg Service terminal used to obtain market data.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9583067e-e6d0-499b-a7cd-7396be85032e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3a985e3a-fe42-4da4-bea8-535b434f857e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48218000 - License management software package

Notice Value(s)

Tender Value
£52,800 Under £100K
Lots Value
Not specified
Awards Value
£135,936 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 May 20259 months ago
Submission Deadline
1 Jan 2025Expired
Future Notice Date
Not specified
Award Date
31 Mar 202510 months ago
Contract Period
12 Apr 2025 - 12 Apr 2029 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Rebecca Green
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
+44 2079017000

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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