Official UK procurement notice
Terminal access to real-time global financial data
Authority: HM Revenue & Customs (Central government)
What is being bought
Published requirement descriptionThe procurement requirement is for three Bloomberg Terminal Licences which will provide Tax Specialists with data that is vital to their compliance work.
The lotProcurement structure
single lot · no lot value publishedProcedure terms & legal framework
From the official record- Procedure method
- Direct award
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- 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
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 25 Jun 2025, 16:22 BST
- Last source update
- 3 Sept 2025, 15:32 BST
- Authority reference
SR2530424717- FTS notice number
2025/S 000-053632- Latest notice
- Contract details notice (UK7)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0553a8Find a Tender
- Why no open competition
- Single Suppliers Intellectual Property Exclusive Rights
- Published justification
This has been awarded as a direct award because there are no substitute/competing products for Bloomberg. Bloomberg is the authoritative source for commercial debt data. The Bloomberg data can only be acquired from Bloomberg themselves, it is not available through resellers and so HMRC can only obtain the data through a direct award.
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.
- Risks
For the purpose of transparency, the contract value stated in the Contract 1 section is subject to currency fluctuations between USD and GBP. This is due to the product being available exclusively from a supplier based in the United States.
How it was run
Official notice- Submission deadline
- —
Timeline
15 Jul 2025 → 3 Sept 2025 · 2 dates- Standstill ends15 Jul 2025, 23:59 BST
- Notice published3 Sept 2025, 15:32 BST
Notice history
4 events · 3 releases on Find a Tender · since 25 Jun 2025- Transparency notice published25 Jun 2025, 16:22 BSTUK5
- Contract award notice published3 Jul 2025, 14:19 BSTUK6
- Contract signature expected17 Jul 2025, 23:59 BSTscheduled
- Contract details notice published3 Sept 2025, 15:32 BSTUK7
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| BLOOMBERG FINANCE L.P., BLOOMBERG L.P.joint award31 Jul 2025 – 30 Jul 2027 | £122,817 | 3 Jul 2025 | Awarded |
Contracts
Terminal access to real-time global financial data · BLOOMBERG FINANCE L.P., BLOOMBERG L.P.
- Signed
- 8 Jan 2025
- Value
- £122,817
- Period
- 31 Jul 2025 – 30 Jul 2027
- Status
- active
No agreed KPIs: Not applicable
Contracting authority & participating public bodies
Bidders & participating suppliers
2 commercial parties on the notice- BLOOMBERG FINANCE L.P.Awarded supplier
- BLOOMBERG L.P.Awarded supplier
Official documents & specifications (3)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Transparency notice Transparency notice on Find a Tender