Award

Overseas Passthrough 2023

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

30 Apr 2024 at 14:14

Award Notice
Summary of the contracting process

The Department for Work and Pensions has awarded a contract for the "Overseas Passthrough 2023" project in the financial and insurance services category. The procurement method used was a direct single tender action (below threshold). The contract value is £91,200, with a contract period starting from April 1, 2024, to March 31, 2026. The closing date for tender submissions was March 31, 2024. The buying organization is located in Blackpool, England.

This procurement process presents opportunities for businesses in the financial and insurance services sector to engage with the Department for Work and Pensions. Companies well-suited to compete would be those offering specialized financial technology services related to overseas payment processing. The contract duration and direct procurement method indicate a focused and time-bound opportunity for interested service providers with relevant expertise to contribute to this specific project and enhance their business growth prospects.

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Notice Information

Notice Title

Overseas Passthrough 2023

Notice Description

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6a89ca05-9089-4b60-8b70-e83f767d56be
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5f1850b-ec3b-4650-9b54-01bfc0a369c9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
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
£91,200 Under £100K
Lots Value
Not specified
Awards Value
£91,200 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Apr 20241 years ago
Submission Deadline
31 Mar 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2026 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Michael Gaynor
Contact Email
michael.gaynor1@dwp.gov.uk
Contact Phone
44 300 1234567

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
Not specified
Local Authority
Blackpool
Electoral Ward
Stanley
Westminster Constituency
Blackpool South

Supplier Information

Number of Suppliers
1
Supplier Name

VOCALINK INTERNATIONAL

Further Information

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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