Award

Financial News and Data

COMPETITION AND MARKETS AUTHORITY

This public procurement record has 2 releases in its history.

AwardUpdate

27 Sep 2024 at 14:19

Award Notice
Award

24 Sep 2024 at 17:26

Award Notice
Summary of the contracting process

The COMPETITION AND MARKETS AUTHORITY (CMA) has completed a procurement process for the provision of financial news and data services. The contract, awarded to REFINITIV LIMITED, pertains to news-agency services under the procurement ID "PROC 891-2024". This direct procurement process utilised a single tender action below the threshold. The contract, valued at £98,352, commences on 25 August 2024 and concludes on 24 August 2026. Key dates include the award date on 29 August 2024 and the contract award notice publication on 24 September 2024. The services will be delivered within the United Kingdom.

This tender presents a fruitful business growth opportunity, especially for small and medium enterprises (SMEs) capable of providing specialised financial news and data services. Businesses equipped to meet the specific needs of the CMA staff, especially those offering comprehensive and timely financial news coverage, will find this contract highly viable. SMEs that excel in tailoring their services to the exacting standards of governmental organisations like the CMA could significantly benefit from this engagement, enhancing their portfolio and demonstrating their capabilities in delivering critical information services.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Financial News and Data

Notice Description

Contract for the provision of news wire services concerning financial news and data related to financial news for CMA staff to access.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f4dd116b-b660-4183-976c-7ebb8952ac21
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/56594660-ee05-48c5-a3ab-d5e38b19e817
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

92 - Recreational, cultural and sporting services

CPV Codes

92400000 - News-agency services

Notice Value(s)

Tender Value
£98,352 Under £100K
Lots Value
Not specified
Awards Value
£98,352 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Sep 20241 years ago
Submission Deadline
2 Aug 2020Expired
Future Notice Date
Not specified
Award Date
28 Aug 20241 years ago
Contract Period
24 Aug 2024 - 24 Aug 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
COMPETITION AND MARKETS AUTHORITY
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 4QZ
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

REFINITIV

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-f4dd116b-b660-4183-976c-7ebb8952ac21-2024-09-27T15:19:40+01:00",
    "date": "2024-09-27T15:19:40+01:00",
    "ocid": "ocds-b5fd17-f4dd116b-b660-4183-976c-7ebb8952ac21",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "PROC 891-2024",
        "title": "Financial News and Data",
        "description": "Contract for the provision of news wire services concerning financial news and data related to financial news for CMA staff to access.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "92400000",
            "description": "News-agency services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 98352,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2020-08-02T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-08-25T00:00:00+01:00",
            "endDate": "2026-08-24T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-GOR-D550",
            "name": "COMPETITION AND MARKETS AUTHORITY",
            "identifier": {
                "legalName": "COMPETITION AND MARKETS AUTHORITY",
                "scheme": "GB-GOR",
                "id": "D550"
            },
            "address": {
                "streetAddress": "The Cabot, 25 Cabot Square",
                "locality": "LONDON",
                "postalCode": "E14 4QZ",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "commercial@cma.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00145516",
            "name": "REFINITIV LIMITED",
            "identifier": {
                "legalName": "REFINITIV LIMITED",
                "scheme": "GB-COH",
                "id": "00145516"
            },
            "address": {
                "streetAddress": "Five Canada Square,Canary Wharf LONDON E14 5AQ GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-D550",
        "name": "COMPETITION AND MARKETS AUTHORITY"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-f4dd116b-b660-4183-976c-7ebb8952ac21-1",
            "status": "active",
            "date": "2024-08-29T00:00:00+01:00",
            "datePublished": "2024-09-24T18:26:12+01:00",
            "value": {
                "amount": 98352,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00145516",
                    "name": "REFINITIV LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-08-25T00:00:00+01:00",
                "endDate": "2026-08-24T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/56594660-ee05-48c5-a3ab-d5e38b19e817",
                    "datePublished": "2024-09-24T18:26:12+01:00",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2024-09-27T15:19:40+01:00"
                },
                {
                    "id": "2",
                    "documentType": "contractSigned",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/2c247019-1eff-4bd0-b6d8-ba6de332eeb9",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}