University of Lincoln has published this notice through Delta eSourcing
|Title:||307 - Bloomberg|
|Notice type:||Voluntary Ex-Ante Transparency Notice|
|Authority:||University of Lincoln|
|Nature of contract:||Supplies|
|Short Description:||This is a VEAT notice for the purchase of the Bloomberg product and terminals to support the Lincoln International Business School.|
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This notice is published by:
Section I: Contracting authority/entity
I.1) Name and addresses
University of Lincoln
Campus Way, Lincoln, LN6 7TS, United Kingdom
Tel. +44 1522886058, Email: email@example.com
Contact: Jena Arnold
Main Address: http://www.lincoln.ac.uk
NUTS Code: UKF3
I.4) Type of the contracting authority (in the case of a notice published by a contracting authority)
Body governed by public law
I.5) Main Activity (in the case of a notice published by a contracting authority)
Section II: Object
II.1) Scope of the procurement
II.1.1) Title: 307 - Bloomberg.
Reference number: 307
II.1.2) Main CPV code:
48441000 - Financial analysis software package.
II.1.3) Type of contract: SUPPLIES
II.1.4) Short Description: This is a VEAT notice for the purchase of the Bloomberg product and terminals to support the Lincoln International Business School.
II.1.6) Information about lots
This contract is divided into lots: No
II.1.7) Total value of the procurement (excluding VAT)
II.2.2) Additional CPV codes:
II.2.3) Place of performance:
II.2.4) Description of the procurement:
This is a VEAT notice for the purchase of the Bloomberg Terminal package to support the Lincoln International Business School to achieve its aspirations and offer students teaching excellence by offering access to macroeconomic data in real-time.
The Bloomberg Terminal provides an electronic trading platform for educational purposes with real-time trading environments and information on every asset class. The package includes the Bloomberg software, licence, dual screens and specialist keyboards.
The total value of the procurement is for a 5 year period, with a contract commencing in May 2020.
II.2.5) Award criteria
(Directive 2014/24/EU / Directive 2014/25/EU)
II.2.11) Information about options:
II.2.13) Information about European Union funds:
The procurement is related to a project and/or programme financed by European Union funds: No
II.2.14) Additional information:
Section IV: Procedure
IV.1.1) Type of procedure: Negotiated procedure without prior publication (in accordance with Article 32 of Directive 2014/24/EU)
IV.1.3) Information about framework agreement
The procurement involves the establishment of a framework agreement: No
IV.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:Yes
IV.2.1) Previous publication concerning this procedure:
Notice number in OJ S: Not provided
Section V: Award Of Contract/Concession
Award of Contract/Concession No: 1
Contract No: 307 Lot Number: Not Provided Title: Bloomberg
V.2) Award of contract/concession
V.2.1) Date of contract award decision: 03/04/2020.
V.2.2) Information about tenders
The contract has been awarded to a group of economic operators: No .
V.2.3) Name and address of the contractor/concessionaire, No. 1:
Bloomberg Finance L.P., N/A
731 Lexington Avenue, New York, NY 10022, United States
NUTS Code: 00
The contractor/concessionaire will be an SME: No
V.2.4) Information on value of the contract/lot/concession:
Initial estimated total value of the contract: 450,000
Total value of the contract/lot/concession 450,000
V.2.5) Information about subcontracting:
The contract is likely to be subcontracted: No
Section VI: Complementary Information
VI.3) Additional Information:
To view this notice, please click here:
VI.4) Procedures for review
VI.4.1) Review Body
University of Lincoln
Campus Way, Lincoln, LN6 7TS, United Kingdom
Tel. +44 1522886703
V1.4.2) Body responsible for mediation procedures:
Not Provided .
VI.4.3) Review procedure
VI.4.4) Service from which information about the review procedure may be obtained
VI.5) Date of dispatch of this notice: 06/04/2020
Annex D1 - General Procurement
Justification for the award of the contract without prior publication of a call for competition in the Official Journal of the European Union
1. Justification for the choice of the negotiated procedure without prior publication of a call for competition in accordance with Article 32 of Directive 2014/24/EU
No tenders or no suitable tenders/requests to participate in response to: Not provided
The products involved are manufactured purely for the purpose of research, experiment, study or development under the conditions stated in the directive: No
The works, supplies or services can be provided only by a particular economic operator for the following reason: absence of competition for technical reasons
Extreme urgency brought about by events unforeseeable for the contracting authority and in accordance with the strict conditions stated in the directive: No
Additional deliveries by the original supplier ordered under the strict conditions stated in the directive: No
Procurement of supplies quoted and purchased on a commodity market: No
Purchase of supplies or services on particularly advantageous terms: Not Provided
Please explain in a clear and comprehensive manner why the award of the contract without prior publication in the Official Journal of the European Union is
lawful, by stating the relevant facts and, as appropriate, the conclusions of law in accordance with the directive: (500 words maximum)
The University and The Lincoln International Business School (LIBS) is of the opinion that the Bloomberg product is a unique offering and is not available from other suppliers for the following technical reasons:
The Bloomberg product provides access to not only a time series data retrieval service for historical data for a variety of securities markets worldwide for analysis, manipulation, visualisation and reporting but also access to macroeconomic data in real-time. The real-time data is a key unique feature of the Bloomberg product.
This macroeconomic data provided by Bloomberg provides access to real-time finance data for students and enables the Lincoln Student Managed Investment Fund to meet their needs to manage their ongoing investment activities. Bloomberg are the only organisation providing macroeconomic data in real-time, giving students the visibility of how quickly changes in the global economic markets impact stocks, investment and forecasts can occur.
Bloomberg also provides the additional ability to be able to analyse and process live financial and stock data and provides the ability to ‘trade’ using live market data. The Bloomberg package will also allow the students to access the Unlimited BMC web-logins each year, Webinars hosted by Market Specialists, Bloomberg Trading Challenge Participation and Bloomberg Business week Case Studies.
Bloomberg further provides the additional certification through its Bloomberg Markets Concept (BMC) qualification, which is an additional qualification that students can gain in their own time as a self-studied course. This is an industry recognised qualification, backed and verified by Bloomberg adding to a student’s overall employability. The Bloomberg software allows academics to bring the real world into the classroom and provide students with the same platform used by leading banks, corporations and government agencies to enhance the academic studies of students across a wide range of disciplines.
The University has determined that the Bloomberg software is the only product that has the technical features to meet its requirements.