Tender

DWP Contingency Payment Services

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 3 releases in its history.

TenderAmendment

25 Feb 2022 at 10:22

Tender Notice
TenderAmendment

18 Nov 2021 at 15:56

Tender Notice
Tender

16 Nov 2021 at 14:08

Tender Notice
Summary of the contracting process

The procurement process for the "DWP Contingency Payment Services" is being managed by the Department for Work and Pensions (DWP), located in Blackpool, England. This procurement falls within the financial and insurance services category, with a budget of £1 million. The process is currently in the Tender stage, with bids being accepted until 27 March 2022. The contract is expected to commence on 1 July 2022 and run until 30 June 2025, with a potential extension option of two additional years. Interested suppliers can submit bids for either LOT 1, which involves the reformatting of BACS payments to Faster Payments, or LOT 2, which requires a Sponsor Bank for fund settlement.

This tender presents substantial opportunities for businesses specialising in financial technology and payment solutions, as well as banking services that can meet the requirements of converting BACS payments into Faster Payments. Small and medium-sized enterprises (SMEs) that can provide innovative solutions to enhance efficiency in payment processing will be particularly well-suited to compete for this contract. The potential for recurring revenue through the contingency contract's extension options makes it an attractive opportunity for businesses keen on expanding their market presence within the governmental financial service sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

DWP Contingency Payment Services

Notice Description

This procurement is for the provision of the DWP Payment Contingency Services and a Sponsor Bank. A Sponsor Bank is required to support the functionality of the Payment Contingency Services. Without a Sponsor Bank in place, the Payment Contingency Services is unable to operate. This contingency service is invoked in situations when there is a delay with release of the BACS payment file, which contains benefit and pension payments and the Department's ability to make payment on time is threatened. The service transforms BACS payments into Faster Payments to ensure customers receive their benefit/pension entitlement on their due date, reducing reputational risk and satisfying the Secretary of State's obligation. The end to end Payment Contingency service requires two separate components, these are: * LOT 1 - A service to reformat BACS payments into Faster Payments for onward submission into the Faster Payment infrastructure * LOT 2 - A Sponsor Bank for the settlement of funds with the Bank of England. DWP makes circa. 2.5m payments per day and pays over PS3.7bn per week. The end to end solution must be available from 01/07/22. Suppliers can submit a bid for the LOT 1 or LOT 2 services or both services. The Authority do not require the LOT 1 supplier to manage the LOT 2 supplier. Clarification questions may be submitted up to 23.59 on the 11 March 2022. For transparency, clarification questions and responses will be shared with all interested suppliers, all sensitive information will be removed prior to wider publication. Please Note: The Authority reserves the right to end the tendering process at any time and not to award a contract. Any costs incurred in the preparation and submitting of a bid and any subsequent activity connected to this tender exercise will be met by the Supplier, not the Authority. Additional information: The contingency contract will contain the option to be extended by 1+1 years beyond the original term. Tenders or requests to participate must be submitted electronically via https://dwp.bravosolution.co.uk/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
25 Feb 20223 years ago
Submission Deadline
27 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2022 - 30 Jun 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326-2022-02-25T10:22:52Z",
    "date": "2022-02-25T10:22:52Z",
    "ocid": "ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "Project_24193",
        "title": "DWP Contingency Payment Services",
        "description": "This procurement is for the provision of the DWP Payment Contingency Services and a Sponsor Bank. A Sponsor Bank is required to support the functionality of the Payment Contingency Services. Without a Sponsor Bank in place, the Payment Contingency Services is unable to operate. This contingency service is invoked in situations when there is a delay with release of the BACS payment file, which contains benefit and pension payments and the Department's ability to make payment on time is threatened. The service transforms BACS payments into Faster Payments to ensure customers receive their benefit/pension entitlement on their due date, reducing reputational risk and satisfying the Secretary of State's obligation. The end to end Payment Contingency service requires two separate components, these are: * LOT 1 - A service to reformat BACS payments into Faster Payments for onward submission into the Faster Payment infrastructure * LOT 2 - A Sponsor Bank for the settlement of funds with the Bank of England. DWP makes circa. 2.5m payments per day and pays over PS3.7bn per week. The end to end solution must be available from 01/07/22. Suppliers can submit a bid for the LOT 1 or LOT 2 services or both services. The Authority do not require the LOT 1 supplier to manage the LOT 2 supplier. Clarification questions may be submitted up to 23.59 on the 11 March 2022. For transparency, clarification questions and responses will be shared with all interested suppliers, all sensitive information will be removed prior to wider publication. Please Note: The Authority reserves the right to end the tendering process at any time and not to award a contract. Any costs incurred in the preparation and submitting of a bid and any subsequent activity connected to this tender exercise will be met by the Supplier, not the Authority. Additional information: The contingency contract will contain the option to be extended by 1+1 years beyond the original term. Tenders or requests to participate must be submitted electronically via https://dwp.bravosolution.co.uk/",
        "datePublished": "2021-11-16T14:08:01Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "FY4 5ES"
                    },
                    {
                        "postalCode": "FY4 5ES"
                    },
                    {
                        "postalCode": "FY4 5ES"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1000000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2022-03-27T23:59:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-07-01T00:00:00+01:00",
            "endDate": "2025-06-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06",
                "datePublished": "2021-11-16T14:08:01Z",
                "format": "text/html",
                "language": "en",
                "dateModified": "2022-02-25T10:22:52Z"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/ahmV766A",
            "name": "DEPARTMENT FOR WORK AND PENSIONS",
            "identifier": {
                "legalName": "DEPARTMENT FOR WORK AND PENSIONS",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/ahmV766A"
            },
            "address": {
                "streetAddress": "Peel Park, Brunel Way",
                "locality": "Blackpool",
                "postalCode": "FY4 5ES",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Louise Rice",
                "email": "louise.rice@dwp.gov.uk",
                "telephone": "07919 547211"
            },
            "details": {
                "url": "http://www.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/ahmV766A",
        "name": "DEPARTMENT FOR WORK AND PENSIONS"
    }
}