Award

Provision of Bloomberg Terminal

OFFICE FOR NATIONAL STATISTICS

This public procurement record has 3 releases in its history.

Award

19 Nov 2025 at 17:10

Award

06 Nov 2025 at 10:37

Award

06 Nov 2025 at 10:11

Summary of the contracting process

The Office for National Statistics (ONS), a central government authority based in Newport, has completed a procurement process through a direct award for the "Provision of Bloomberg Terminal." The purpose of this tender was to obtain datasets essential for producing UK economic statistics, specifically related to Price and GDP Core Outputs. The contract, awarded to Bloomberg Finance L.P., commenced on 18th November 2025 and will run until 14th November 2030. The procurement, conducted under the legal basis of the UK Procurement Act (2023/54), was justified due to Bloomberg's exclusive data rights, with no alternative datasets meeting the required standards. The total contract value is £250,000, and it includes options for additional datasets as necessary.

This direct award offers significant business opportunities for companies capable of providing exclusive, high-quality datasets and services crucial for economic analysis. Businesses in the IT services sector, particularly those specialising in consulting, software development, and data provision, would be well-positioned to compete for similar contracts. Companies with unique intellectual property rights, like Bloomberg, can leverage their exclusive services to secure government contracts where no suitable alternatives exist. This procurement highlights the importance of innovation, exclusivity, and high standards in the data provision market, promoting growth and development for companies excelling in these areas.

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Notice Title

Provision of Bloomberg Terminal

Notice Description

Provision of datasets to aid the live production of UK economic statistics, particularly monthly and quarterly Price and GDP Core Outputs.

Procurement Information

This has been awarded as a direct award because there is not substitute/competing products for Bloomberg. The Bloomberg dataset is integral to the live production of UK economic statistics, particularly monthly and quarterly Price and GDP Core Outputs. No existing datasets within ONS or externally meet the required granularity, timeliness, and methodological standards. Reuse of existing data is not viable, and failure to acquire this dataset would compromise the accuracy, quality and reliability of core outputs. Page 4 to 5 Direct award conditions and permissible justifications are set out under Chapter 3 and Schedule 5 of the Procurement Act. There is justification for a direct award on the grounds set out under paragraph 5 of Schedule 5 where the following conditions are met in relation to the public contract- (a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05db92
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/075424-2025
Current Stage
Award
All Stages
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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
£250,000 £100K-£500K

Notice Dates

Publication Date
19 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
6 Nov 20253 months ago
Contract Period
18 Nov 2025 - 14 Nov 2030 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
OFFICE FOR NATIONAL STATISTICS
Contact Name
Not specified
Contact Email
commercialteam@ons.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWPORT
Postcode
NP10 8XG
Post Town
Newport
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
Not specified

Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

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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