RFP QuestBeta
ClosedStage · contract

DEPARTMENT FOR WORK AND PENSIONS

Overseas Passthrough 2023

Financial ServicesCPV 66000000
Value£91k
Deadline31 Mar 2024
Published30 Apr 2024
RegionLondon
Timeline
Published 30 Apr 2024ClosedCloses 31 Mar 2024
Contract value in context
£91ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

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The brief

Overseas Payment Service (pass-through) (OPS) contract provides the connectivity to enable the secure transmission of the overseas payment file from the DWP estate to Citibank (the Overseas Bulk fx supplier) via Vocalink.

Vocalink is the sole supplier of the UK's Banker's Automated Clearing System (BACS) which forms part of the National Critical Infrastructure (NCI).

The OPS (pass-through) exists only to facilitate the transfer of payment file information submitted via Vocalink to Citibank for processing.

The OPS itself does not provide any other service, it is a necessary step within the process to separate the overseas file ready for collection and ongoing transmission, following the approved route of submission into Vocalink infrastructure.

Key requirements

What the supplier must deliver

01

The OPS itself does not provide any

The OPS itself does not provide any other service, it is a necessary step within the process to separate the overseas file ready for collection and ongoing transmission, following the approved route of submission into Vocalink infrastructure.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
c5f1850b-ec3b-4650-9b54-01bfc0a369c9
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
project_26073
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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