Award

Renewal of Bloomberg Terminals

BANK OF ENGLAND

This public procurement record has 4 releases in its history.

Award

22 Jan 2026 at 06:42

Award

15 Jan 2026 at 10:41

PlanningUpdate

22 May 2025 at 18:38

Planning

22 May 2025 at 18:31

Summary of the contracting process

The Bank of England, located in London, has completed the procurement process for the renewal of Bloomberg Terminals as part of a direct award service contract with Bloomberg Finance L.P. This procurement falls under the public authority central government category, focusing on data services, with the contract value set at £4,667,944.47 (net value). The contract period is scheduled from 1 March 2026 to 28 February 2028. Key procurement milestones include a standstill period ending on 2 February 2026 and a future signature date set for 27 February 2026. The method employed was a direct procurement, justified by Bloomberg Finance being the only supplier with exclusive rights to the required financial data services.

The renewal of Bloomberg Terminals presents significant opportunities for businesses involved in financial services, analytics, and data provision. Companies specialising in IT consulting, software development, or financial technology may find the expanding landscape promising for growth and collaboration in delivering innovative data solutions. While the current direct award limits immediate competition, businesses looking to become future suppliers should focus on reinforcing their capabilities in real-time financial data provisioning and enhancing their competitive positioning through innovation and strategic alignments with core industry stakeholders.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f8d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005548-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK6 - Contract Award 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
Not specified

Notice Dates

Publication Date
22 Jan 20261 months ago
Submission Deadline
Not specified
Future Notice Date
1 Jan 2026Expired
Award Date
15 Jan 20261 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
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
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

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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