Award

Bloomberg Licences

CABINET OFFICE

This public procurement record has 1 release in its history.

Award

25 Feb 2026 at 09:48

Summary of the contracting process

The procurement process, managed by the Cabinet Office, concerns the acquisition of Bloomberg licences essential for data and user access specific to commercial debt information. Falling under the central government public authority category, this direct award contract is specifically for Bloomberg Finance L.P., located in the United States. Due to intellectual property rights held exclusively by Bloomberg, no alternative suppliers were considered. Important dates include the scheduled future signature date on 11th March 2026, with the contract period running from 1st April 2026 to 31st March 2028, with an option for two additional 12-month renewals. The procurement is within the services category, specifically data services, and involves a transaction valued at £648,000. The location of service delivery is the United Kingdom.

This tender offers significant opportunities for businesses involved in data services and those with exclusive content or technology offerings. The nature of the procurement method, a direct award, implies limited competition, benefiting entities already possessing unique market-ready solutions or exclusive rights, such as intellectual property. Businesses operating in the niche of financial data services, or those looking to expand their reach within central government contracts, may find similar opportunities. While this specific contract is unique due to its exclusivity with Bloomberg, the transparent approach in outlining procurement needs could benefit companies aiming to understand government procurement requirements better.

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How relevant is this notice?

Notice Title

Bloomberg Licences

Notice Description

Bloomberg user licences and data licence.

Procurement Information

This is being processed as a direct award because there are no substitute/competing products for Bloomberg. Bloomberg is the authoritative source for commercial debt data. The Bloomberg data can only be acquired from Bloomberg themselves, it is not available through resellers and so Cabinet Office can only obtain the data through a direct award. 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-065baf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016742-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK5 - Transparency 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

72300000 - Data services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£648,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Feb 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Feb 20262 weeks ago
Contract Period
31 Mar 2026 - 31 Mar 2028 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
CABINET OFFICE
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
SW1A 2AS
Post Town
South West 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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG FINANCE

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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