Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Renewal of Bloomberg Terminals

BANK OF ENGLAND

This public procurement record has 5 releases in its history.

Award

31 Mar 2026 at 18:07

UK7 - Contract Details Notice
Award

22 Jan 2026 at 06:42

UK6 - Contract Award Notice
Award

15 Jan 2026 at 10:41

UK5 - Transparency Notice
PlanningUpdate

22 May 2025 at 19:38

UK1 - Pipeline Notice
Planning

22 May 2025 at 19:31

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England has awarded a contract to Bloomberg Finance L.P. for the renewal of Bloomberg Terminals. This procurement process is characterised as a direct award due to Bloomberg's exclusive rights to supply the data required. The contract, spanning from 1 March 2026 to 28 February 2028, is valued at £4,667,944.47, with services being delivered across the UK. The procurement stage is complete, following the award issued on 25 February 2026 and the subsequent contract signing. The industry category involved is data services under the IT services spectrum, highlighting the central government's needs in financial data analytics and trading tools.

The renewal of Bloomberg Terminals presents significant opportunities for businesses specialising in financial data services, analytics, and trading tools. Companies that can offer complementary services or software enhancements to Bloomberg's offerings may find potential growth scopes, likely in advisory or integration services. While Bloomberg holds exclusivity in this procurement, other vendors in related sectors might leverage this as an insight into direct procurement processes. Businesses that excel in adapting to niche procurement needs or have intellectual property in exclusive data rights could position themselves strategically for future opportunities with organisations like the Bank of England.

How relevant is this notice?

Notice Information

Notice Title

Renewal of Bloomberg Terminals

Notice Description

The Account licenses enable access to Bloomberg terminals that provide real-time access to comprehensive financial data, analytics, trading tools & news. This is a renewal of these services. Service Contract Start - 01/03/2026 End - 28/02/2028 Location is UK

Procurement Information

Under Schedule 5, Paragraph 5, Bloomberg are the only suppliers of this data.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f8d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030045-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

72300000 - Data services

Notice Value(s)

Tender Value
£13,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£4,667,944 £1M-£10M
Contracts Value
£4,667,944 £1M-£10M

Notice Dates

Publication Date
31 Mar 20264 months ago
Submission Deadline
Not specified
Future Notice Date
1 Jan 2026Expired
Award Date
15 Jan 20267 months ago
Contract Period
1 Mar 2026 - 28 Feb 2028 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
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
EC2R 8AH
Postcode Area
Central 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
TLI4 Inner London - East
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG FINANCE L.P.

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...