---
title: "Sponsor Bank Contract"
ocid: "ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR WORK AND PENSIONS"
published: "2019-01-04"
---

# Sponsor Bank Contract

Buyer: DEPARTMENT FOR WORK AND PENSIONS  
Current stage: Award  
OCID: ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2.json)

## Summary

The Department for Work and Pensions (DWP) has awarded the "Sponsor Bank Contract" for financial and insurance services, which was published on 4th January 2019. This contract is valued at £497,200 and involves a direct procurement method through a single tender action. The contract commenced on 1st January 2019 and is set to conclude on 30th June 2020. The procurement process was finalised with the award made on 20th December 2018, prior to the contract commencement.

This contract presents a significant opportunity for larger financial institutions that specialise in services aligned with banking and insurance. Companies focused on providing comprehensive financial services can leverage their expertise to compete effectively. Given the specific nature of this award, businesses with a substantial scale and proven capability in delivering similar contracts would be well-positioned to pursue future opportunities within the public procurement landscape.

## Notice

The award of the DWP Sponsor Bank contract

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c757603b-6ed3-4796-a137-66db53b39fa7 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Jan 2019 |
| Submission deadline | 31 Dec 2018 |
| Future notice date | Not specified |
| Award date | 20 Dec 2018 |
| Contract period | 1 Jan 2019 - 30 Jun 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £497,200 |
| Lots value | Not specified |
| Awards value | £497,200 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR WORK AND PENSIONS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 9NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HSBC |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 4 Jan 2019 at 10:19 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c757603b-6ed3-4796-a137-66db53b39fa7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c757603b-6ed3-4796-a137-66db53b39fa7
  4th January 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d507b84e-392f-45b6-ac72-198e4a1b3019
  Sponsor Bank Contract for Contracts Finder (Redacted)

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ca6379d2-f0fa-4467-954e-85b230b334f2.json.