Provision of Bloomberg proprietary ICT hardware and software services
A Contract Award Notice
by THE CITY OF EDINBURGH COUNCIL
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- not specified
- Value
- USD1M
- Sector
- TECHNOLOGY
- Published
- 08 Sep 2025
- Delivery
- not specified
- Deadline
- n/a
Concepts
Location
Edinburgh
2 buyers
- City of Edinburgh Council Edinburgh
1 supplier
- Bloomberg LP London
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
| 1 | Bloomberg LP (London)
|
Renewal Options
2 years with option for an additional 2 years taken in 12 month or more periods.
Award Criteria
| Quality | 100.0 |
| PRICE | _ |
CPV Codes
- 72222300 - Information technology services
Indicators
- Options are available.
- Award on basis of price.
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. (SC Ref:809522)
Reference
- FTS 054587-2025