Federal Spending Explorer

Contract notice CN4046452 · Australian Securities and Investments Commission

Bloomberg Subscription Renewal

$110k whole-of-life value, after 1 amendment

+$44k (+67.1%) since first published at $66k

Supplier
Bloomberg ABN 47622777851
Agency
Australian Securities and Investments Commission
Procurement method
limited tender
Reason given
Estimated value was under the procurement threshold.
Term
2024-06-02 to 2028-06-02
Published
2024-04-15
Category (UNSPSC)
81112200
Agency reference
CON/GAUCON/CON004347/4

Worth a closer look

Grew past the open-tender threshold: first published at $66k. The Commonwealth Procurement Rules require an agency to estimate a procurement’s maximum value, including options and extensions, before choosing how to buy. Open tender is generally required at or above the threshold.

Common explanations: Extra work that could not have been foreseen at award. A nominal value published at award and updated once the actual amount was known. A construction contract outside AusTender category 72, which we cannot tell apart from other services.

Value by financial year

The total value spread evenly from start to end date. estimate: annualised

Financial yearEstimated amount
2023-24$2k
2024-25$28k
2025-26$28k
2026-27$28k
2027-28$25k

Published versions

Every version of this notice we have loaded. Source: AusTender OCDS API.

DateVersionValue
2024-04-15original notice$66k
2026-10-06amendment$110k