Award

Award of Business School Trading Platform -University of Aberdeen

UNIVERSITY OF ABERDEEN

This public procurement record has 2 releases in its history.

Award

19 Mar 2018 at 00:00

Tender

07 Nov 2017 at 00:00

Summary of the contracting process

The University of Aberdeen is procuring a Business School Trading Platform as part of an open tender process, aimed at providing financial trading platforms for both undergraduate and postgraduate students, as well as for academic research. The procurement stage is currently complete, with the award made on 15 March 2018. The contract is based in Aberdeen, UK (postal code AB24 3FX) and was initiated on 19 March 2018. All bids were submitted electronically before the deadline of 11 December 2017. This procurement falls under the services category, specifically related to the educational sector with a primary classification of financial software solutions.

This contract presents significant opportunities for businesses specialising in educational technology, financial software development, and data management solutions. Companies with experience in providing innovative trading platforms or similar educational resources, particularly those capable of simulating trading environments akin to international financial institutions, would be particularly well-positioned to compete. The substantial duration of the contract, initially set for five years with potential extensions, provides a stable avenue for businesses to establish long-term partnerships and grow within the educational sector.

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Notice Title

Award of Business School Trading Platform -University of Aberdeen

Notice Description

The Business School seeks to provide financial trading platforms for teaching our students at both undergraduate and postgraduate level and for academic research. These need to be equivalent to the trading floors at an international financial institution, excepting the actual ability to trade and the data for the last few minutes. (Our trading room provides realistic simulated trading environment in global markets, and computer laboratory for classroom-based theoretical and empirical sessions for the study of financial modelling, regulation and markets. We also seek a solution to provide tick data management alongside the trading platform.

Lot Information

Lot 1

The Business School seeks to provide financial trading platforms for teaching our students at both undergraduate and postgraduate level and for academic research. These need to be equivalent to the trading floors at an international financial institution, excepting the actual ability to trade and the data for the last few minutes. (Our trading room provides realistic simulated trading environment in global markets, and computer laboratory for classroom-based theoretical and empirical sessions for the study of financial modelling, regulation and markets. We also seek a solution to provide tick data management alongside the trading platform.

Renewal: The contract shall be for 5 (five) years with option to extend for 5 (five) individual 1 (one) year periods. We aim to begin this contract from April 2018.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000518078
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR313973
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48100000 - Industry specific software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Mar 20187 years ago
Submission Deadline
11 Dec 2017Expired
Future Notice Date
Not specified
Award Date
15 Mar 20187 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF ABERDEEN
Contact Name
Not specified
Contact Email
e-sourcing@abdn.ac.uk
Contact Phone
+44 1224274467

Buyer Location

Locality
ABERDEEN
Postcode
AB24 3FX
Post Town
Aberdeen
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM5 North Eastern Scotland
Small Region (ITL 3)
TLM50 Aberdeen City and Aberdeenshire
Delivery Location
TLM50 Aberdeen City and Aberdeenshire

Local Authority
Aberdeen City
Electoral Ward
Tillydrone/Seaton/Old Aberdeen
Westminster Constituency
Aberdeen North

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV300696
    Business School Trading Platform -University of Aberdeen - The Business School seeks to provide financial trading platforms for teaching our students at both undergraduate and postgraduate level and for academic research. These need to be equivalent to the trading floors at an international financial institution, excepting the actual ability to trade and the data for the last few minutes. (Our trading room provides realistic simulated trading environment in global markets, and computer laboratory for classroom-based theoretical and empirical sessions for the study of financial modelling, regulation and markets. We also seek a solution to provide tick data management alongside the trading platform.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR313973
    Award of Business School Trading Platform -University of Aberdeen - The Business School seeks to provide financial trading platforms for teaching our students at both undergraduate and postgraduate level and for academic research. These need to be equivalent to the trading floors at an international financial institution, excepting the actual ability to trade and the data for the last few minutes. (Our trading room provides realistic simulated trading environment in global markets, and computer laboratory for classroom-based theoretical and empirical sessions for the study of financial modelling, regulation and markets. We also seek a solution to provide tick data management alongside the trading platform.

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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