Award

Short Term Payment Contigency Service Contract Award

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

04 Jan 2019 at 14:04

Summary of the contracting process

The procurement process involves the Department for Work and Pensions, which has awarded a contract titled "Short Term Payment Contingency Service Contract Award". This contract falls under the financial and insurance services industry category and is associated with the delivery of services across various regions, including the British Overseas Territories, Channel Islands, and the United Kingdom. The procurement method used was selective, conducted as a call-off from a framework agreement. The contract period commenced on 1st July 2018 and will conclude on 30th June 2020, with the contract value set at £1,524,000. The award was officially published on 4th January 2019.

This tender presents significant opportunities for large-scale businesses involved in financial services and insurance, particularly those capable of providing robust contingency services. Companies with expertise in managing payment solutions and a strong presence in the UK market would be well-suited to compete in future similar tenders. The experiences and capabilities demonstrated in this contract could enhance their potential for growth in public sector engagements and diversify their service offerings.

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Notice Title

Short Term Payment Contigency Service Contract Award

Notice Description

Short Term Payment Contingency Service

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-07b85b58-5e96-43ec-86d4-5b9a010dc3af
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/25c700ce-9933-4e7f-add2-281f9a4758c6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
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

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,524,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,524,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20197 years ago
Submission Deadline
29 Jun 2018Expired
Future Notice Date
Not specified
Award Date
30 Jul 20187 years ago
Contract Period
30 Jun 2018 - 30 Jun 2020 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Not specified
Contact Email
freedom-of-information-request@dwp.gsi.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 9NA
Post Town
South West 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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VOCALINK

Open Contracting Data Standard (OCDS)

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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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