UPS and Static transfer Unit - SOCOMEC

The service to be contracted is for the maintenance of Static Transfer Units providing power distribution resilience and support at Moorgate and Uninterrupted Power Supply (UPS) units at Debden. O&M require the service in order to be able to maintain electrical resilience at both Moorgate and Debden. Socomec assets are closed protocol. While Socomec are the incumbent contractor at Moorgate the assets at Debden are currently supported via another contractor who has had to be subcontract the service back to Socomec exposing the Bank to additional margin.