Award

Utilities

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

05 Jun 2024 at 09:02

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the supply of electricity, valued at £44,322,000, to npower Commercial Gas Limited. The procurement method used was selective, involving a call-off from a framework agreement. The contract period is from 1st October 2024 to 30th September 2028. The tender was initiated on 8th February 2024 and involved the utility sector in London, United Kingdom.

This contract presents business opportunities for companies in the energy supply sector, particularly in the provision of electricity. SMEs and VCSEs were deemed unsuitable for this procurement. Businesses with experience in large-scale gas supply operations would be well-suited to compete for similar tenders in the future. The awarded contract aims to ensure a continuous and reliable supply of electricity to the Bank of England's various sites, contributing to the organisation's operational efficiency and sustainability.

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Notice Information

Notice Title

Utilities

Notice Description

Supply of electricity for all sites on consumption based model.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4fa190fe-24d7-48d9-8e3b-4b71c1190ab8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c87f1ef5-eef1-4adf-9d91-8e1daeeb6e14
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

31 - Electrical machinery, apparatus, equipment and consumables; lighting

CPV Codes

31682000 - Electricity supplies

Notice Value(s)

Tender Value
£44,322,000 £10M-£100M
Lots Value
Not specified
Awards Value
£44,322,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jun 20241 years ago
Submission Deadline
8 Feb 2024Expired
Future Notice Date
Not specified
Award Date
8 Feb 20242 years ago
Contract Period
30 Sep 2024 - 30 Sep 2028 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

NPOWER COMMERCIAL GAS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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