{ "tag": [ "compiled" ], "id": "ocds-h6vhtk-056861-2025-09-08T11:45:38+01:00", "date": "2025-09-08T11:45:38+01:00", "ocid": "ocds-h6vhtk-056861", "description": "This contract is on behalf of Lothian Pension Fund. The City of Edinburgh Council is the Contracting Authority. (SC Ref:809522)", "initiationType": "tender", "tender": { "id": "CT1688", "legalBasis": { "id": "32014L0024", "scheme": "CELEX" }, "title": "Provision of Bloomberg proprietary ICT hardware and software services.", "status": "complete", "classification": { "scheme": "CPV", "id": "72222300", "description": "Information technology services" }, "mainProcurementCategory": "services", "description": "The provision of specialised terminals used to access a computer software system that enables professionals in the financial service sector and other industries to access real-time financial market data, business and investment markets news, analysis services and place trades on an electronic trading platform.", "lots": [ { "id": "1", "description": "The provision of specialised terminals used to access a computer software system that enables professionals in the financial service sector and other industries to access real-time financial market data, business and investment markets news, analysis services and place trades on an electronic trading platform. This service is required to support the pension fund activity. The data and insight that Bloomberg provides is key for the pension fund's internal investment management. Provision of portfolio management capabilities including Performance & Risk Analytics and enterprise Reporting & Data Access.", "hasOptions": true, "options": { "description": "2 years with option for an additional 2 years taken in 12 month or more periods." }, "awardCriteria": { "criteria": [ { "name": "Quality", "type": "quality", "description": "100" }, { "type": "price", "description": "0" } ] }, "status": "cancelled" } ], "items": [ { "id": "1", "deliveryAddresses": [ { "region": "UKM75" }, { "region": "UKM75" } ], "relatedLot": "1" } ], "procurementMethod": "limited", "procurementMethodDetails": "Award procedure without prior publication of a call for competition", "coveredBy": [ "GPA" ], "reviewDetails": "An economic operator that suffers or risks suffering loss or damage attributable to a breach of duty under Public Contracts (Scotland) Regulations 2015 may bring proceedings in the Sheriff Court or Court of Session. In general, a claim for an ineffectiveness order must be made within 10 days of the date on which the VEAT Notice is published in the Find a Tender Service.", "procurementMethodRationaleClassifications": [ { "scheme": "TED_PT_AWARD_CONTRACT_WITHOUT_CALL", "id": "D_OUTSIDE_SCOPE", "description": "The procurement falls outside the scope of application of the directive" } ], "procurementMethodRationale": "LPF require access to real time financial market data. LPF could not monitor financial markets effectively and invest on behalf of members whilst mitigating risk. The data, insight and consolidated reporting that Bloomberg can provide is key for LPF to be able to deliver on its pension fund objective. Bloomberg licences are critical to enhance investment and trading activity. 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