University of Lincoln: 307 - Bloomberg

UK-Lincoln: Financial analysis software package.

Preliminary Questions
   This notice is published by:
   Directive 2014/24/EU

Section I: Contracting authority/entity

I.1) Name and addresses
       University of Lincoln
       Campus Way, Lincoln, LN6 7TS, United Kingdom
       Tel. +44 1522886058, Email: jarnold@lincoln.ac.uk
       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)
      Education


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)
      Value: 450,000      
      Currency: GBP


II.2) Description

   II.2.2) Additional CPV codes:
      Not provided

   II.2.3) Place of performance:
      UKF3 Lincolnshire
   
   
   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)
               
    Not provided       
      
      
   II.2.11) Information about options:
      Options:    No       
   
   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:
    Not provided    
      
Section IV: Procedure

IV.1) Description
   
   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)Administrative Information

   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         
         Currency: GBP

      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:
https://neupc.delta-esourcing.com/delta/viewNotice.html?noticeId=486524198
GO-202046-PRO-16318307 TKR-202046-PRO-16318306   
   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
      Not Provided    
      
      VI.4.4) Service from which information about the review procedure may be obtained
         Not Provided
   
   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
Directive 2014/24/EU

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



3. Explanation

   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.