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26-34 Data Studio

University of Wolverhampton

This public procurement record has 3 releases in its history.

Award

30 Sep 2026 at 14:36

UK7 - Contract Details Notice
Award

24 Jun 2026 at 09:45

UK6 - Contract Award Notice
Award

24 Jun 2026 at 09:36

UK5 - Transparency Notice
Summary of the contracting process

The University of Wolverhampton’s School of Business and Law procured a physical data studio designed to resemble a trading floor. It provides students with licensed access to financial-market data and industry-standard financial tools, allowing them to interact with markets in a risk-free setting. The studio is intended to strengthen teaching and research and support compliance with professional accreditation standards including ACCA, CIMA and ICAEW. The requirement combines financial data and software with educational use; related classifications also cover specialist education services. Delivery is in the United Kingdom. The buying organisation is the University of Wolverhampton, a public university. The studio’s purpose is to build academic and research capability while giving students practical exposure to financial-market tools and data.

The procurement is complete and awarded to Bloomberg Finance L.P. through a direct award. The university’s market assessment concluded that Bloomberg alone could provide the required combination of platform functionality, content, recognised capabilities and educational resources; it found no equivalent alternative. The award was dated 24 June 2026, with a gross award value of £222,731.03. The contract was signed on 26 August 2026 and is active, running from 26 August 2026 to 25 August 2028. Its recorded gross contract value is £203,904. The requirement was arranged as one lot, marked suitable for small and medium-sized enterprises. The university intends this two-year initial term to assess usage, demand and benefits and inform any future competitive procurement. The award was made under the Procurement Act 2023.

For suppliers considering similar work for the University of Wolverhampton, this award shows demand for a specialist, campus-based financial data studio combining licensed market data, professional financial tools and a trading-floor-style student environment. A credible competitor would need to show that its platform and content meet teaching and research needs, support risk-free student interaction with markets, and satisfy relevant professional accreditation expectations, including ACCA, CIMA and ICAEW. The buyer selected Bloomberg after considering other suppliers and higher-education provision, finding its particular combination of functionality, content, recognised platform capabilities and educational resources unmatched. Suppliers would therefore need evidence of equivalent breadth and suitability, alongside the ability to deliver an effective academic setting. The buyer described the initial contract as a way to assess usage, stakeholder and student demand, and educational and operational benefits before shaping any longer-term requirement.

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Notice Information

Notice Title

26-34 Data Studio

Notice Description

The University of Wolverhampton's School of Business and Law requires a physical data studio to enhance academic and research capabilities. The solution will provide access to industry-standard financial tools and data essential for high-quality teaching, research, and compliance with professional accreditation standards (ACCA, CIMA, ICAEW). The end product will reflect the layout of a trading floor, where students will have licenced access to trading data and interact with markets risk-free.

Procurement Information

The University undertook a preliminary market assessment to identify suppliers capable of meeting its academic and operational requirements. This process included engagement with peer Higher Education Institutions to understand current market provision, supplier selection rationale, and user experience, alongside direct consideration of alternative suppliers and their respective service offerings. Following this assessment, Bloomberg was identified as the only supplier capable of delivering the specific combination of functionality, content, industry-recognised platform capabilities, and educational resources required to support the University's current objectives. No alternative supplier was found to offer an equivalent solution that fully meets the University's requirements. Given the specialist nature of the requirement and the University's limited historical usage data in this area, the University intends to enter into a two-year contract. This initial term will enable the University to evaluate utilisation levels, assess stakeholder and student demand, and measure the educational and operational benefits derived from the service. The arrangement will also allow the University to further develop its understanding of future requirements and establish a robust business case for longer-term provision. The information gathered during the contract period will be used to inform the specification, procurement strategy, and evaluation criteria for a future competitive procurement exercise, should an ongoing requirement be identified.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06bbae
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/092430-2026
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

80 - Education and training services

CPV Codes

48000000 - Software package and information systems

80340000 - Special education services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£222,731 £100K-£500K
Contracts Value
£203,904 £100K-£500K

Notice Dates

Publication Date
30 Sep 20266 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Jun 20263 months ago
Contract Period
26 Aug 2026 - 25 Aug 2028 2-3 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
University of Wolverhampton
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1LY
Postcode Area
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
Not specified
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG FINANCE L.P.

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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