Department for Work & Pensions
Sponsor Bank Service
This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
The Department for Work and Pensions (DWP) wish to give notice of planned procurement opportunity in relation to two linked but separate future procurements for DWP payment contingency services (together referred to in this notice as the “Payment Contingency Services (“PCS”)).
The intention of the PCS is to ensure DWP has robust contingencies in place to make benefit and pension entitlement payments to its customers on the dates they are due.
The PCS are invoked only in exceptional circumstances where there is a delay in DWP releasing Bacs payment file(s).
The DWP intends for the relevant services to be provided under two separate, interdependent contracts (both of which are required to allow for invocation of PCS) as follows: Short Term Payment Contingency (“STPC”) - Lot 1: This service reformats Bacs payments files into Faster Payment files for onward submission into the Faster…
What the supplier must deliver
The intention of the PCS is
The intention of the PCS is to ensure DWP has robust contingencies in place to make benefit and pension entitlement payments to its customers on the dates they are due.
The DWP intends for the relevant services
The DWP intends for the relevant services to be provided under two separate, interdependent contracts (both of which are required to allow for invocation of PCS) as follows:.
Derived from the notice text — always confirm against the original documents.
- OCID
- ocds-h6vhtk-0615d4
- Stage
- planning · planned
- Source
- Find a Tender
- Buyer ref
- 063771-2026
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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