Find a Tender · Contract
DWP Contingency Payment Services
A public procurement published by DEPARTMENT FOR WORK AND PENSIONS via Find a Tender.
- —
- Award value
- £1bn
- Tender value
- 2
- Suppliers
- 2
- Awards
- 6
- Notices
- Contract
- Stage
Overview
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…
Key details
- Source
- Find a Tender
- Lifecycle stage
- Contract
- Status
- —
- CPV classification
- 66000000 — Financial and insurance services
- Currency
- GBP
- Total award value
- —
- Tender value
- £1,000,000,000
- First published
- 15 Oct 2021
- Last updated
- 19 Aug 2022
Awards
2 awards recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| Vocalink International Limited | 11646063 | — | active | — |
| HSBC Bank Plc | 00014259 | — | active | — |
Notice timeline
Every published notice in this procurement's lifecycle.
All suppliers
Frameworks & programmes
More from DEPARTMENT FOR WORK AND PENSIONS
FAQs about this procurement
Who is the buyer for "DWP Contingency Payment Services"?
DWP Contingency Payment Services is a UK public-sector procurement published by DEPARTMENT FOR WORK AND PENSIONS via Find a Tender.
Has "DWP Contingency Payment Services" been awarded?
Yes — 2 awards are recorded, with a reported total value of £1,000,000,000. The current lifecycle stage is "Contract".
Which suppliers are involved in "DWP Contingency Payment Services"?
2 suppliers are linked: Vocalink International Limited, HSBC Bank Plc.
What is "DWP Contingency Payment Services" worth?
The reported tender value is £1,000,000,000.
When was "DWP Contingency Payment Services" published?
It was first published on 15 Oct 2021 and last updated on 19 Aug 2022, across 6 notices.
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