Award

Bloomberg Terminal

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

31 Jan 2025 at 16:37

Award Notice
Summary of the contracting process

UK Export Finance has completed a procurement process for a subscription to the Bloomberg Terminal, classified under the industry category of software package and information systems. The procurement was managed as a single tender action below the threshold, with the direct procurement method. Located in London, UK Export Finance operates from 1 Horse Guards Road, SW1A 2HQ. The tender, identified by UKEF0530, was awarded on 27 November 2024, and Bloomberg LP was chosen as the supplier for a contract valued at £48,000. The contract period runs from 28 November 2024 to 27 August 2026. The award notice was published on 31 January 2025.

This tender offers business growth opportunities for companies specialising in financial software and information systems, particularly those capable of providing high-value services to large organisations. Although this specific procurement was a direct award and not open to multiple bidders, understanding the needs of UK Export Finance can help similar businesses position themselves for future opportunities. Companies with a strong portfolio in software subscriptions and services tailored to financial institutions would benefit greatly from monitoring such procurement activities. The contract value and duration also suggest stable, medium-term revenue potential for suppliers in this sector.

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Notice Information

Notice Title

Bloomberg Terminal

Notice Description

Subscription to Bloomberg Terminal.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f00c2ee3-dba4-47b3-90c7-d47cfa3bb695
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d929104a-a9af-4bab-bc0d-d3436a333128
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

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£48,000 Under £100K
Lots Value
Not specified
Awards Value
£48,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20251 years ago
Submission Deadline
27 Nov 2024Expired
Future Notice Date
Not specified
Award Date
27 Nov 20241 years ago
Contract Period
28 Nov 2024 - 27 Nov 2026 1-2 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
UK EXPORT FINANCE
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
SW1A 2HQ
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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