Provision of Bloomberg proprietary ICT hardware and software services

Concepts

• edinburgh
• information technology
• analysis services
• the financial service sector
• a computer software system
• ict
• hardware
• software
• proprietary
• bloomberg

Location

Edinburgh

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.

Total Quantity or Scope

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.

Award Detail

Renewal Options

2 years with option for an additional 2 years taken in 12 month or more periods.

CPV Codes

• 72222300 - Information technology services

Indicators

• Options are available.

Legal Justification

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. There is no viable alternative product.

Other Information

This contract is on behalf of Lothian Pension Fund. The City of Edinburgh Council is the Contracting Authority. NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=805560. (SC Ref:805560)