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planned
Official procurement procedure

Cash Disbursement – Prior Information Notice

Administration services
Banking services
Financial consultancy
+1 more
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Department for Work and Pensions: "Cash Disbursement – Prior Information Notice". Published status: planned. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityDepartment for Work and PensionsScope & CategoriesNot publishedSubmission Window
planned
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Department for Work and Pensions
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Department for Work and Pensions. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
6Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 5 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityDepartment for Work and Pensions
Procedure methodNot published
Procurement categoryNot published
Statusplanned
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published20 Jul 2023, 16:39 BST
Last source update20 Jul 2023, 16:39 BST
Recurring procurementNot published
ClassificationAdministration services, Banking services, Financial consultancy, financial transaction processing and clearing-house services
Delivery area
UK
OCIDocds-h6vhtk-03e3fc
What is being bought
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.
What changed
From the official release history
  1. Status changed to planned
    20 Jul 2023, 16:39 BST
  2. Official notice release published
    20 Jul 2023, 16:39 BST
  3. Buyer information updated
    20 Jul 2023, 16:39 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    planned
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    20 Jul 2023, 16:39 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Department for Work and Pensions

Contracting authority GB-FTS-25451
View buyer profile

  • Department for Work and Pensions
    buyer
    centralPurchasingBody

    Peel Park, Brunel Way, Blackpool, UK, FY4 5ES
    michael.gaynor1@dwp.gov.uk
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published