Provision of Bloomberg proprietary ICT hardware and software services.

Official notice

Authority: The City of Edinburgh Council (Local council)

ServicesAward procedure without prior publication of a call for competition

Sectors: IT Services & Software (72) Delivery: Scotland (UKM75)

Budget not disclosedValue not published

Awarded 2 Sept 2025no call for competition

Awarded to Bloomberg LP2 awards

What is being bought

Published requirement 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.

CPV: Information technology services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: Scotland

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

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 29 Jul 2025, 16:22 BST
Last source update: 8 Sept 2025, 11:45 BST
Authority reference: CT1688
FTS notice number: 2025/S 000-054587
Classification (CPV): Information technology services
Delivery area: Scotland (UKM75)
Official registry OCID: ocds-h6vhtk-056861 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published 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.

Review and risk notes

Review procedure: 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.

Publisher note: This contract is on behalf of Lothian Pension Fund. The City of Edinburgh Council is the Contracting Authority. (SC Ref:809522)

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Bids received 1

Contracts signed 2latest 2 Sept 2025

Awarded to	Value	Date	Status
Bloomberg LP	US$1,200,000 †same award published again · counted once	—	Awarded
Bloomberg LP	US$1,251,520 †	—	Awarded

Contracts

Contract 054587-2025-CT1688-1 · Bloomberg LP
Signed
2 Sept 2025
Value
US$1,251,520
Status
active
Contract 043988-2025-CT1688-1 · Bloomberg LP
Signed
29 Jul 2025
Value
US$1,200,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids · 1 electronic · 1 from abroad	0	—	—

Contracting authority & participating public bodies

The City of Edinburgh Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Waverley Court, 4 East Market Street, Edinburgh, Scotland, EH8 8BGContact name, email

Dispute resolution & review bodies

Sheriff CourtReview body Edinburgh

Bidders & participating suppliers

1 commercial party on the notice

Bloomberg LPAwarded supplier 39-45 Finsbury Square, City Gate House, London, UK, EC2A 1PQ

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.