--- title: "DWP Contingency Payment Services" ocid: "ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEPARTMENT FOR WORK AND PENSIONS" published: "2022-02-25" --- # DWP Contingency Payment Services Buyer: DEPARTMENT FOR WORK AND PENSIONS Current stage: Tender OCID: ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326.json) ## Summary 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. ## Notice 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/ ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Feb 2022 | | Submission deadline | 27 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Jun 2022 - 30 Jun 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR WORK AND PENSIONS | | Locality | BLACKPOOL | | Post town | Blackpool | | Postcode | FY4 5ES | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD4 Lancashire | | ITL 3 | TLD42 Blackpool | | Local authority | Blackpool | | Electoral ward | Stanley | | Westminster constituency | Blackpool South | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 25 Feb 2022 at 10:22 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06 - 18 Nov 2021 at 15:56 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06 - 16 Nov 2021 at 14:08 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/516f4440-f99e-4452-8a02-6da76efd0b06 25th February 2022 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.gov.uk - https://dwp.bravosolution.co.uk/ ## 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-ee52839d-a75f-4f84-9834-1814eeef3326. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ee52839d-a75f-4f84-9834-1814eeef3326.json.