Award

Contract Award

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 2 releases in its history.

AwardUpdate

20 Jan 2023 at 10:40

Award

09 Jul 2021 at 12:18

Summary of the contracting process

The Department for Work and Pensions has awarded a contract for the Payment Exception Service, a voucher-based service facilitating cash collection of benefits or pensions. The contract falls under the banking services classification and was procured through a selective method with a call-off from a framework agreement. The contract value amounts to £17,417,000, with a start date of June 8, 2021 and an end date of June 7, 2023 in the North West region, UK.

This procurement opportunity, led by the government department, is suitable for small and medium-sized enterprises (SMEs) looking to grow their presence in banking services. The completion of the contract enhances business prospects for firms offering similar service solutions, particularly those capable of fulfilling the delivery requirements in the specified region. Potential bidders should consider the framework agreement and the contract period when planning their engagement strategy to secure future business.

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Notice Title

Contract Award

Notice Description

Payment Exception Service - provides a voucher based service to enable customer to collect their benefit or pension in cash over the counter

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-52472621-ef9a-445e-970d-f884c313f4f1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98ed3741-9415-411a-8fa6-5e6f1018bccb
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£17,417,000 £10M-£100M
Lots Value
Not specified
Awards Value
£9,017,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20233 years ago
Submission Deadline
22 Dec 2020Expired
Future Notice Date
Not specified
Award Date
7 Jul 20214 years ago
Contract Period
7 Jun 2021 - 7 Jun 2023 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
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BLACKPOOL
Postcode
FY4 5ES
Post Town
Blackpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD42 Blackpool
Delivery Location
TLD North West (England)

Local Authority
Blackpool
Electoral Ward
Stanley
Westminster Constituency
Blackpool South

Supplier Information

Number of Suppliers
1
Supplier Name

I-MOVO

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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