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This Solicitation opportunity from New York was posted on August 28, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Bloomberg Terminal Subscriptions

Closed
2126073State & Local

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Baruch College has entered into a sole-source contract with Bloomberg Finance L.P. to ensure ongoing access to Bloomberg Terminal services, which are vital for supporting the College’s academic programs, research activities, and industry engagement, especially within the Zicklin School of Business and the Marxe School of Public and International Affairs. The contract, valid until September 5, 2025, spans two and a half years and covers all counties in New York State, emphasizing the importance of these terminals in coursework, competitions, certifications, and faculty research to maintain instructional quality and student career preparedness. The decision to award the contract without competitive bidding was made in accordance with State Finance Law § 163 and NYS procurement guidelines, citing the impracticality of sourcing from multiple vendors due to the unique requirements of Bloomberg’s platform. The procurement process was documented with a formal exemption from advertising, and Bloomberg L.P. was identified as the sole provider capable of meeting the College’s specific needs. The contract's value is estimated between $500,000 and $2 million, reflecting its significance to the College’s operations. For inquiries related to this procurement, contact details for the Chief Procurement Officer, Devon Hariprashad, are provided, and further information can be accessed through the NY State Contract Reporter.

General Info

Place of Performance

NY, USA

Set-Aside

NONE

Documents

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

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Submission Closed

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Organization & Contact Information

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AgencyCity University of New York (CUNY)
Contacts1 person available
OfficeN/A
Office AddressN/A
Contacts
Devon HariprashadChief Procurement Officer

Full Description

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Baruch College has awarded a single-source contract to Bloomberg Finance L.P. for continued access to Bloomberg Terminal services. The platform provides essential real-time data, analytics, news, and research that directly support the College’s academic and research missions, particularly within the Zicklin School of Business and the Marxe School of Public and International Affairs. Integrated into coursework, competitions, certifications, and faculty research, Bloomberg Terminals are critical to maintaining instructional quality, industry relevance, and student career readiness.  Reason for Exemption from Advertising: In accordance with State Finance Law § 163 and NYS procurement guidelines, a formal exemption from advertising was approved on the grounds of Single Source. Competitive solicitation was deemed impractical as only one vendor can meet the College’s specific requirements. This notice is being posted pursuant to the post-advertisement requirement following exemption approval. Reason for advertising exemption: Single Source Award recipient: Bloomberg L.P. Any questions or comments regarding this notice of sole-source, single-source, or procurement otherwise exempt from advertising in the NYS Contract Reporter should be directed to the contact person listed for the contracting agency or public authority. Reason for advertising exemption: Single Source Award recipient: Bloomberg Finance L.P Any questions or comments regarding this notice of sole-source, single-source, or procurement otherwise exempt from advertising in the NYS Contract Reporter should be directed to the contact person listed for the contracting agency or public authority. Ad end date:09/05/2025 Contract term: Two Years and Six Months County(ies): All NYS counties Location: Baruch College

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