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Provision of Bloomberg proprietary ICT hardware and software services.

The City of Edinburgh Council

This public procurement record has 2 releases in its history.

Award

08 Sep 2025 at 11:45

Award Notice
Award

29 Jul 2025 at 16:22

Award Notice
Summary of the contracting process

The public procurement process led by The City of Edinburgh Council, on behalf of the Lothian Pension Fund, involved a contract for Bloomberg proprietary ICT hardware and software services. This procurement, classified under information technology services, was crucial for accessing real-time financial market data and enhancing investment management for the pension fund. The contract was awarded without previous publication, attributable to its critical and specialised nature, and was completed in a limited procedure. The key dates include the contract signed on 2nd September 2025 with a value of USD 1,251,520, for deployment in the UKM75 region, Edinburgh.

This procurement presents significant growth opportunities for businesses supplying advanced ICT solutions, particularly those with expertise in financial markets and electronic trading platforms. Companies in sectors such as financial software services and data analytics are well-positioned to provide similar comprehensive and integrated solutions that enhance financial services' efficiency and transparency. Engaging in such contracts can bolster a firm's reputation in providing essential infrastructural support to critical financial services sectors. The specialised demand and limited viable alternatives, as demonstrated in this award to Bloomberg LP, indicate a stable and impactful market segment for innovation and service excellence.

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Notice Information

Notice Title

Provision of Bloomberg proprietary ICT hardware and software services.

Notice Description

The provision of specialised terminals used to access a computer software system that enables professionals in the financial service sector and other industries to access real-time financial market data, business and investment markets news, analysis services and place trades on an electronic trading platform.

Lot Information

Lot 1

The provision of specialised terminals used to access a computer software system that enables professionals in the financial service sector and other industries to access real-time financial market data, business and investment markets news, analysis services and place trades on an electronic trading platform. This service is required to support the pension fund activity. The data and insight that Bloomberg provides is key for the pension fund's internal investment management. Provision of portfolio management capabilities including Performance & Risk Analytics and enterprise Reporting & Data Access.

Options: 2 years with option for an additional 2 years taken in 12 month or more periods.

Procurement Information

LPF require access to real time financial market data. LPF could not monitor financial markets effectively and invest on behalf of members whilst mitigating risk. The data, insight and consolidated reporting that Bloomberg can provide is key for LPF to be able to deliver on its pension fund objective. Bloomberg licences are critical to enhance investment and trading activity. There is no viable alternative product.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056861
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/054587-2025
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72222300 - Information technology services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,451,520 £1M-£10M

Notice Dates

Publication Date
8 Sep 202511 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Jul 20251 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The City of Edinburgh Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH8 8BG
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

Bloomberg LP

Further Information

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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