Award

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal

UNIVERSITY OF GLASGOW

This public procurement record has 1 release in its history.

Award

23 Jul 2024 at 00:00

OJEU - F3 - Contract Award Notice
Summary of the contracting process

This public procurement process is led by the University of Glasgow, based in Tay House, Glasgow. The contract, titled "PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal," falls under the education sector. The procurement type is a direct award due to the unique nature of the service provided by Bloomberg LP, with no alternative provider. This contract has been awarded without prior publication of a call for competition, as per Regulation 2015-15 for Research and Development Services. The procurement stage is now complete, having been awarded on 28th June 2024. The contract value is £255,327. The delivery location for the service is within the UKM82 region, and the overall project was completed on 23rd July 2024.

This tender provides an excellent opportunity for businesses specialising in educational tools and financial services to align with prestigious institutions like the University of Glasgow. Companies with unique, highly specialised offerings, especially those focusing on research and development, would have an edge in such procurement processes. Although Bloomberg LP has secured this current contract, similar opportunities may emerge in the future for other suppliers of niche, high-value subscription services. Small and medium enterprises (SMEs) with the capability to deliver specialized financial information systems are particularly well-suited to compete in such tenders.

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Notice Information

Notice Title

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal

Notice Description

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal. Internal Procurement Policy Exception (PPE) Form completed.

Lot Information

Lot 1

PPE1001875 Direct Award for the Provision of Annual Subscription to Bloomberg Terminal. This is a unique service only provided by Bloomberg. All major financial organisations, news organisations and Universities have subscriptions to Bloomberg terminals. There is no alternative provider for this service.

Procurement Information

Regulations 2015-15-Research and Development Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000772195
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL510399
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48441000 - Financial analysis software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£255,327 £100K-£500K

Notice Dates

Publication Date
23 Jul 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Jun 20241 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF GLASGOW
Contact Name
Rhona Wilson
Contact Email
rhona.wilson@glasgow.ac.uk
Contact Phone
+44 1413306908

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG

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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