Provision of Bloomberg Terminal

Concepts

• newport
• bloomberg terminal
• bloomberg
• terminal
• core outputs
• uk economic statistics
• quarterly
• monthly
• particularly monthly and quarterly price and gdp core outputs
• datasets

Location

Description

Provision of datasets to aid the live production of UK economic statistics, particularly monthly and quarterly Price and GDP Core Outputs.

Award Detail

CPV Codes

• None found

Legal Justification

This has been awarded as a direct award because there is not substitute/competing products for Bloomberg. The Bloomberg dataset is integral to the live production of UK economic statistics, particularly monthly and quarterly Price and GDP Core Outputs. No existing datasets within ONS or externally meet the required granularity, timeliness, and methodological standards. Reuse of existing data is not viable, and failure to acquire this dataset would compromise the accuracy, quality and reliability of core outputs. Page 4 to 5 Direct award conditions and permissible justifications are set out under Chapter 3 and Schedule 5 of the Procurement Act. There is justification for a direct award on the grounds set out under paragraph 5 of Schedule 5 where the following conditions are met in relation to the public contract- (a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works.

Other Information

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