Planning

Cash Disbursement - Prior Information Notice

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Planning

20 Jul 2023 at 15:39

Summary of the contracting process

The Department for Work and Pensions (DWP) is planning a procurement process titled "Cash Disbursement – Prior Information Notice" in the services category, specifically for banking services. The procurement process is in the planning stage and involves inviting market operators to provide insights on services supporting national UK & NI cash disbursement. Key dates include a pre-market engagement event on 2nd August 2023 and a follow-up 1-1 session available until 25th August 2023. The main purpose of this initiative is to assess market suitability, understand available services, and identify innovations for cash disbursement to unbanked citizens.

The planned tender by DWP for banking services presents an opportunity for businesses, particularly those in the financial consultancy, transaction processing, and clearing-house services sectors, to engage in providing strategic services for benefit customers without bank accounts. Businesses with capabilities in administration services and experience in regulatory standards such as FCA and payment industry standards would be well-suited to participate. The procurement process aims to involve multiple government departments and ensure national coverage, including Northern Ireland, thus offering growth opportunities for businesses interested in providing critical payment services and ensuring benefit entitlement to citizens.

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Notice Title

Cash Disbursement - Prior Information Notice

Notice Description

The purpose of this PIN is to inform market operators of a potential future exercise to procure services supporting national UK & NI cash disbursement. This PIN is to seek insight from market operators to assess market suitability, support DWP's understanding of the available services, and identify market innovations that support cash disbursement to unbanked citizens. We invite market operators to attend a pre-market engagement event planned for 2/8/2023. This will be recorded and can be viewed by market operators unable to attend the live event (available until 20/8/23). In addition, we would like to offer interested parties a follow up 1-1 session to allow market operators to provide further insight to DWP. If operators are interested, in a 1-1 session please notify DWP through the provided address, this option again can be considered at a later date (until 25/8/23) once market operators have viewed the recorded event. A further Prior Information Notice may be issued should DWP proceed to a procurement, however market operators should be aware DWP is not committed to or guarantees a procurement at this stage. DWP reserves the right to withdraw or amend the intentions of this Prior Information Notice at any time. Any costs incurred in attending the pre-market engagement or 1-1 sessions will be borne by the market operator.

Lot Information

Lot 1

A Strategic Service to ensure payment of benefit entitlement to benefit customers who do not have a bank account. Additional information: DWP is considering at this time a service proposition that includes DWP alongside other government departments including Department for Communities. The service most would likely need to be assured to regulatory standards, including Financial Conduct Authority (FCA) and all payment industry standards.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e3fc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021011-2023
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services


CPV Codes

66110000 - Banking services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

75100000 - Administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20232 years ago
Submission Deadline
Not specified
Future Notice Date
31 Mar 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Not specified
Contact Email
michael.gaynor1@dwp.gov.uk
Contact Phone
Not specified

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

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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