Awarded contract

DRUPS Maintenance

Details

Supplier(s)
Hitec Power Protection
Value
£790,290.18
Duration
6 years
Topic
Uninterruptible power supplies
Published
5 March 2024

Tender description

The Diesel Rotary Uninterruptible Power Supply (DRUPS) at the Bank's Moorgate site requires maintenance to ensure electrical resilience to the building. The DRUPS system can only be maintained by the manufacturer (Hitec Power Protection) because the equipment is closed protocol. This contract is for an initial term of 3 years with 3 optional extensions of 12 months each.

Timeline

  1. Completed: Award date1 April 2021
  2. Completed: Award published5 March 2024
    Current notice
  3. Next: Contract expiry date31 March 2027in 6 months

About the buyer

The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. Suppliers register on the Bank's Oracle Fusion Supplier Portal before they can be invited to tender. Contract notices also appear on the government's Find a Tender Central Digital Platform. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria. Registered suppliers then move from prospective to spend-authorised status once they have won a contract.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.

Relevant CPV codes

  • 31154000 · Uninterruptible power supplies

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Decision makers

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