Section one: Contracting authority/entity
one.1) Name and addresses
The City of Edinburgh Council
Waverley Court, 4 East Market Street
Edinburgh
EH8 8BG
Contact
Neil Fraser
Country
United Kingdom
NUTS code
UKM75 - Edinburgh, City of
Internet address(es)
Main address
Buyer's address
https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00290
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Bloomberg proprietary ICT hardware and software services.
Reference number
CT1688
two.1.2) Main CPV code
- 72222300 - Information technology services
two.1.3) Type of contract
Services
two.1.4) Short 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.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: 1,200,000 USD
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKM75 - Edinburgh, City of
two.2.4) Description of the procurement
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.
two.2.11) Information about options
Options: Yes
Description of options
2 years with option for an additional 2 years taken in 12 month or more periods.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
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.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
Section five. Award of contract/concession
Contract No
CT1688
A contract/lot is awarded: Yes
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract
29 July 2025
five.2.2) Information about tenders
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Bloomberg LP
39-45 Finsbury Square, City Gate House
London
EC2A 1PQ
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
No
five.2.4) Information on value of contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession: 1,200,000 USD
Section six. Complementary information
six.3) Additional 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)
six.4) Procedures for review
six.4.1) Review body
Sheriff Court
27 Chambers Street
Edinburgh
EH1 1LB
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
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.