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Bloomberg subscription renewal of 10 licences

Coventry University

This public procurement record has 3 releases in its history.

Award

19 Aug 2026 at 14:23

UK7 - Contract Details Notice
Award

13 Jul 2026 at 18:19

UK6 - Contract Award Notice
Award

13 Jul 2026 at 18:14

UK5 - Transparency Notice
Summary of the contracting process

Coventry University procured a renewal of 10 Bloomberg licences: seven for Coventry and three for Coventry University London. The subscription provides professional financial-market data and software, including real-time market information, company data, risk-management tools, economic indicators and analytics. It supports teaching, assessment, dissertation research and employability development across finance-related programmes, including MBA Finance, MSc Financial Technology, MSc Economics and Banking, MSc Global Finance, and BSc Financial Economics and Banking. Students use the platform for financial analysis, investment management, risk management, big data, machine learning and research methods, and may work towards Bloomberg Market Concepts certification. The service is delivered for the university’s Coventry and London operations in the United Kingdom.

This procurement is complete and was awarded through a direct award because Bloomberg was identified as the only supplier able to provide the required service and content. The award was made to Bloomberg Finance L P on 13 July 2026 for £211,914.31 excluding VAT, or £254,297.17 including VAT. The contract was signed on 31 July 2026 and runs from 1 August 2026 to 31 July 2027. There was one lot, covering software packages and information systems. The award is active and the contract is active. The procurement is above the relevant threshold. The stated evaluation basis was the exclusive availability of Bloomberg’s service and content, rather than a competitive assessment of alternative bids.

This outcome indicates established demand for specialist financial-information platforms within higher education, particularly where students need access to professional-grade market data, company information, risk tools and analytics. A supplier seeking comparable work with Coventry University would need to support finance teaching, assessment, research and employability activity across multiple programmes and sites, while providing a reliable multi-licence service. Credibility would depend on demonstrable access to authoritative, real-time financial data and analytical tools, together with the ability to embed the platform in structured teaching and research use. Experience supporting financial-technology, economics, banking or investment-management education would be relevant. The procurement also shows the importance of professional certification and practical industry-readiness features, although this contract was awarded on an exclusive-supplier basis.

How relevant is this notice?

Notice Information

Notice Title

Bloomberg subscription renewal of 10 licences

Notice Description

Bloomberg are the only supplier to provide this service and content. Bloomberg is a strategically important resource for Coventry University London and Coventry and is embedded across several finance-related programmes, including MBA Finance, MSc Financial Technology, MSc Economics and Banking, MSc Global Finance, and BSc Financial Economics and Banking. The platform supports teaching, assessment, dissertation research, and employability development by providing students with access to real-time financial market data, company information, risk management tools, economic indicators, and analytics. Bloomberg is particularly valuable for modules involving financial analysis, investment management, risk management, big data, machine learning, and research methods, where students are required to source and analyse professional-grade financial data. Students are introduced to Bloomberg throughout their studies and are encouraged to complete the Bloomberg Market Concepts (BMC) certification to enhance their industry readiness. The Bloomberg Terminal remains a key differentiator of our finance provision and plays an important role in ensuring that students develop the practical, data-driven skills expected by employers in the financial services sector. The licence quantity has been reviewed and reduced in previous years - x7 licences for Coventry and x3 licences for London remain the appropriate number required.

Procurement Information

Bloomberg are the only supplier to provide this service and content. Bloomberg is a strategically important resource for Coventry University London and Coventry and is embedded across several finance-related programmes, including MBA Finance, MSc Financial Technology, MSc Economics and Banking, MSc Global Finance, and BSc Financial Economics and Banking. The platform supports teaching, assessment, dissertation research, and employability development by providing students with access to real-time financial market data, company information, risk management tools, economic indicators, and analytics. Bloomberg is particularly valuable for modules involving financial analysis, investment management, risk management, big data, machine learning, and research methods, where students are required to source and analyse professional-grade financial data. Students are introduced to Bloomberg throughout their studies and are encouraged to complete the Bloomberg Market Concepts (BMC) certification to enhance their industry readiness. The Bloomberg Terminal remains a key differentiator of our finance provision and plays an important role in ensuring that students develop the practical, data-driven skills expected by employers in the financial services sector. The licence quantity has been reviewed and reduced in previous years - x7 licences for Coventry and x3 licences for London remain the appropriate number required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ca00
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/079050-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£211,914 £100K-£500K
Contracts Value
£211,914 £100K-£500K

Notice Dates

Publication Date
19 Aug 20263 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Jul 20262 months ago
Contract Period
1 Aug 2026 - 31 Jul 2027 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Coventry University
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COVENTRY
Postcode
CV1 5FB
Postcode Area
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
Not specified
Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

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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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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