Award

DWP Short Term Payment Contingency Service

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

30 Oct 2018 at 12:42

Award Notice
Summary of the contracting process

The Department for Work and Pensions is currently engaged in a procurement process for the "DWP Short Term Payment Contingency Service," classified under financial and insurance services. This procurement is in the award stage and was officially awarded on 2nd August 2018, with a contract value of £1,524,605. The contract duration spans from 1st July 2018 to 30th June 2020. The procurement method used is selective, involving a call-off from a framework agreement. The services are intended for delivery across various regions, including the British Overseas Territories, Channel Islands, Europe, the Isle of Man, and the United Kingdom.

This procurement offers significant opportunities for growth, particularly for large businesses capable of fulfilling financial services contracts. Companies specialising in payment solutions, financial consulting, or insurance services will find this tender aligned with their capabilities. Engaging in such contracts can enhance business visibility and provide a competitive edge in the public sector, especially in similar future procurements through framework agreements.

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Notice Information

Notice Title

DWP Short Term Payment Contingency Service

Notice Description

DWP Short Term Payment Contingency notification of award

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c2d35bfd-19ba-4447-ab66-93ce95d1b3bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1c39d231-a44c-41c4-9663-8bf2a334dbad
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
£1,524,605 £1M-£10M
Lots Value
Not specified
Awards Value
£1,524,605 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Oct 20187 years ago
Submission Deadline
24 May 2018Expired
Future Notice Date
Not specified
Award Date
1 Aug 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

Buyer & Supplier

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

Supplier Information

Number of Suppliers
1
Supplier Name

VOCALINK

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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