Bloomberg Licences

A Contract Award Notice
by CABINET OFFICE

Source: Find a Tender
Type: Contract ()
Duration: not specified
Value: £648K

Sector: MISCELLANEOUS
Published: 25 Feb 2026
Delivery: not specified
Deadline: n/a

Related Terms

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

Cabinet Office London

1 supplier

Bloomberg Finance LP New York

Description

Bloomberg user licences and data licence.

Award Detail

1	Bloomberg Finance LP (New York) Reference: 1 Value: £648,000

CPV Codes

None found

Legal Justification

This is being processed 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 Cabinet Office 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.