Award

Bloomberg Terminal Licence

OFGEM

This public procurement record has 1 release in its history.

Award

01 May 2025 at 16:45

Summary of the contracting process

This public procurement process involves Ofgem, a major energy regulator based in London, as the buying organisation. They have concluded a contract for the "Bloomberg Terminal Licence" with Bloomberg, Lp. The contract, categorised under 'License management software package' (CPV code: 48218000), involves the provision of services across locations including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the Rest of the World. The procurement utilised an open procedure method, aiming to ensure transparency and competitiveness. While the tender period concluded on 1st January 2025, the contract was awarded on 20th March 2025 and is set to run from 11th April 2025 to 10th April 2029. The total contract value is £135,936, and it provides broad distribution and implementation support across multiple regions.

This tender can create significant growth opportunities, particularly for businesses specialising in software solutions, license management, and IT service provision. Companies adept in handling large-scale software deployments within complex regulatory environments may find this contract aligns well with their expertise. Although the contract has been awarded to Bloomberg, Lp, similar future tenders could be targeted by SMEs, given the suitability preference indicated for small and medium enterprises. The scope of services expected entails extensive industry-relevant skills and experience, positioning well-established industry players to leverage expansion in international markets through similar opportunities.

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Notice Title

Bloomberg Terminal Licence

Notice Description

Bloomberg Terminal Licence.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cec27e7f-e088-4fac-ad8d-1222c02abd58
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6f8ba355-556e-4d75-98cb-bc1d832e1b7d
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
£135,936 £100K-£500K
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
20 Mar 202511 months ago
Contract Period
10 Apr 2025 - 10 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)

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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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