Award

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal

UNIVERSITY OF GLASGOW

This public procurement record has 1 release in its history.

Award

23 Jul 2024 at 07:37

Summary of the contracting process

The University of Glasgow has completed a direct award procurement process for the provision of an annual subscription to the Bloomberg Terminal, classified under financial analysis software packages. This procurement, under the goods category, was conducted through a limited procurement method without prior publication of a call for competition. The contract, valued at £255,327, was signed on 28th June 2024. The tender, identified as PPE1001875, was specific to the UK, particularly the Glasgow region (UKM82). The procurement was executed under an Internal Procurement Policy Exception (PPE) due to the unique nature of the service provided solely by Bloomberg LP, highlighting the absence of alternative providers.

This tender offers substantial opportunities for businesses specialised in financial analysis software, particularly those seeking collaboration with educational institutions such as universities. Although Bloomberg LP was the sole supplier due to the uniqueness and specificity of their service, similar tenders in the future may cater to financial technology firms, software providers, and academic institutions engaged in research and financial analysis. The comprehensive and high-quality requirements set by the University of Glasgow indicate a robust demand for specialised software solutions, encouraging businesses in these sectors to prepare for future procurement opportunities in the education and public sectors.

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Notice Title

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal

Notice Description

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal. Internal Procurement Policy Exception (PPE) Form completed.

Lot Information

Lot 1

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal. This is a unique service only provided by Bloomberg. All major financial organisations, news organisations and Universities have subscriptions to Bloomberg terminals. There is no alternative provider for this service.

Procurement Information

Regulations 2015-15-Research and Development Services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04838d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022771-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48441000 - Financial analysis software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£255,327 £100K-£500K

Notice Dates

Publication Date
23 Jul 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Jun 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF GLASGOW
Contact Name
Emma Fleck
Contact Email
emma.fleck@glasgow.ac.uk
Contact Phone
+44 1413306639

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG

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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