This public procurement record has 1 release in its history.

Award

23 Jul 2026 at 08:11

Summary of the contracting process

The Department for Work and Pensions (DWP), located in London, has completed the procurement process for a project titled "Digital Payment Services - Payments as a Service - Bacs Payment Fulfilment." This project falls within the financial transaction processing and clearing-house services industry category and involves the procurement of a cloud-based Payments as a Service (PaaS) solution. The procurement was conducted under a selective method as a call-off from a framework agreement. The contract period for this award extends from 20th July 2026 to 19th July 2031. The award was made to Form3 UK Limited with a total value of £7,843,000. This procurement opportunity was specifically designed to be suitable for small and medium-sized enterprises (SMEs).

This tender presents significant opportunities for businesses, especially those offering financial technology solutions and cloud-based services, to leverage a long-term contract with a major government department. Companies with expertise in secure, scalable payment processing solutions that are ISO20022 compliant would be well-suited to engage in similar future tenders. Additionally, businesses that can offer innovative solutions for modernising payment integrations and meeting stringent operational requirements could find substantial prospects for growth and development within such public sector engagements.

How relevant is this notice?

Notice Title

Digital Payment Services - Payments as a Service - Bacs Payment Fulfilment

Notice Description

Procurement of a secure, scalable, ISO20022 compliant, cloud-based Payments as a Service (PaaS) solution that will enable DWP to modernise its integration with the Bacs scheme, while meeting the department's resilience, control, and operational requirements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ba87b80c-8344-4fc5-be22-2282e4ce32e4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7af6ca65-8f2a-40f9-9695-35ab56204843
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£7,843,000 £1M-£10M
Lots Value
Not specified
Awards Value
£7,843,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jul 20261 weeks ago
Submission Deadline
16 Dec 2025Expired
Future Notice Date
Not specified
Award Date
16 Jul 20262 weeks ago
Contract Period
19 Jul 2026 - 19 Jul 2031 Over 5 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
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

FORM3

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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