Award

Confirmation of Payee (CoP) and Payer Name Verification (PNV)

THE INSOLVENCY SERVICE

This public procurement record has 1 release in its history.

Award

27 Nov 2025 at 12:51

Summary of the contracting process

The Insolvency Service has completed a procurement process titled "Confirmation of Payee (CoP) and Payer Name Verification (PNV)", focusing on the delivery of IT services, which encompass consulting, software development, Internet, and support. The tender process was executed through a call-off from a framework agreement and is classified under the CPV code 72000000. The awarded contract is valued at £70,000, commencing on 1st December 2025 and concluding on 1st December 2026. This procurement, with delivery across the United Kingdom, was finalized with PayPoint PLC as the supplier, following a selective procurement method concluded in the award stage as of 25th November 2025.

This tender presents a substantial opportunity for businesses specialising in IT services, particularly those adept in consulting and software development, to contribute to a governmental need. Although the procurement not being open to small or medium-sized enterprises or voluntary, community, and social enterprises may limit some participants, large-scale IT service providers capable of engaging in framework agreement activities are well-positioned to compete effectively in similar future tenders. Participation in such contracts can lead to significant business growth owing to the financial scale and potential long-term collaboration with government entities.

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Notice Title

Confirmation of Payee (CoP) and Payer Name Verification (PNV)

Notice Description

A service to validate and verify bank account details for payees to ensure they are accurate and correct.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-39405bb8-67a3-4c93-b1c2-3f5610967160
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f4d09502-ff1c-42ce-8249-c202b9d40a56
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

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20252 months ago
Submission Deadline
27 Nov 2025Expired
Future Notice Date
Not specified
Award Date
25 Nov 20253 months ago
Contract Period
1 Dec 2025 - 1 Dec 2026 1-2 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
THE INSOLVENCY SERVICE
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
SW1P 2HT
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

PAYPOINT

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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