University of Illinois at Chicago
Announcement of a Sole Source Purchase
Renewal entered into with:Vendor: Bloomberg L.P
Amount: An estimated $131,760
Renewal: 2nd of 2, 6/15/2020 through 6/14/2021
Pricing Changes:
None
Service/Product Changes:
None
Sole Source Status:
Yes, this procurement remains a sole source.
Potential Future Renewals:
None
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now Catherine Bradbury.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal entered into with:Vendor: Bloomberg L.P
Amount: An estimated $131,760
Renewal: 1st of 2, 6/15/2019 through 6/14/2020
Pricing Changes:
None
Service/Product Changes:
None
Sole Source Status:
Yes, this procurement remains a sole source.
Potential Future Renewals:
$131,760
The State Purchasing Officer for this procurement is now Ashley Stewart.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Vendor: Bloomberg L.P, New York, NY
Amount: An estimated $135,000
Terms:
An estimated start date of 6/15/2017 through 6/14/2019, 24 months
Renewals:
2 twelve-month
Potential Future Renewals:
$263,520
The University award process may be delayed up to thirty days as this award goes through a state approval process.
The hearing has been cancelled since no vendors registered to attend or submitted comments regarding this notice.
The State Purchasing Officer for this procurement is now Margaret van Dijk.
First published Monday, June 5, 2017
The University awarded a contract for Financial Data Feed to Bloomberg L.P, New York, NY, for an estimated $135,000.
UIC Business has the need for a series of terminals that provide the Faculty and Students financial data regarding real time pricing , volume, data, news and activity. These terminals will provide the mechanism for the UIC Business staff to teach the UIC Business students all about the financial markets and how to work in the real time financial industry. The CME Foundation grant has allowed us to establish a financial market laboratory for student use. Faculty incorporates the solution in various finance and accounting courses in order to show the students how to use it and help prepare them for financial analysis and other similar careers. Our Faculty depend on the solution for faculty research on financial markets and similar topics.
The University has determined that this purchase is only economically available from this source because the item or service is copyrighted or patented and is not available except from the holder of the copyright or patent.
For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
State Purchasing Officer - Shirley Webb
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
