Find a Tender
Record
Official procurement procedure
https://www.find-tender.service.gov.uk/Notice/037361-2023
Financial and insurance services
Location not published
Published value
Not published
Submission deadline Not published
Lots published0
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Department for Work and Pensions: "https://www.find-tender.service.gov.uk/Notice/037361-2023". Published status: tenderUpdate. Published value: Value not published. Lot information not published. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Department for Work and Pensions | Scope & Categories | Not published | Submission Window | Recorded No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Department for Work and Pensions
Market Analytics
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
Competition Density
4.2Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 13 active published awards; 13 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 Unpublished data stays unknown.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 |
StatusNot published | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published13 Jul 2024, 19:45 BST | Last source update13 Jul 2024, 19:45 BST | Recurring procurementNot published |
ClassificationFinancial and insurance services | ||
Delivery areaLocation not published | ||
OCIDocds-h6vhtk-04270e | ||
What is being bought
The purpose of this Prior Information Notice (PIN) is to alert potential suppliers to a future opportunity for services with specific requirements related to cash disbursement for use by some DWP customers and some other central government departments customers.
The Payment Exception Service (PES) is a DWP service, required to fulfil the Secretary of State’s obligation to ensure all customers, including those who do not have a transactional account, receive their entitlement.
The service will enable unbanked customers to receive full payment of entitlement, or other such payments as required through an alternative method of payment.
The DWP issues fluctuating amounts of payments, on reoccurring specified payment dates, with differing payment cycles, based on individual and multiple payment entitlement, as determined by departments.
The value of cash disbursement can be in excess of £40 million per month (subject to number of customers / value of payments). However this value is expected to reduce over time in line with DWP’s strategy to support financial inclusion and support customers to transition to a transactional account.
The value of this contract is subject to volume of customers and number of payments.
The DWP, alongside Other central Government Departments will use the service to ensure that customers across the United Kingdom inclusive of Northern Ireland are able to access their entitlement.
The overall objectives of the service are to ensure payments are processed and made available for customers to redeem their payment on a customer’s payment date, and if needed, provide customers with a level of support to address any queries regarding use of the service and their payments.
DWP reserves the right to suspend, withdraw or amend any intention to proceed with any procurement competition in relation to the Services identified in this section II and reserves the right not to award any contract. Any costs incurred by bidders in engaging with DWP for this opportunity and preparing and submitting bids, will be borne by the bidder.
What changed
From the official release history
- Official notice release published
13 Jul 2024, 19:45 BST - Official notice release published
17 Jun 2024, 11:08 BST - Buyer information updated
17 Jun 2024, 11:08 BST - Official notice release published
26 Apr 2024, 12:47 BST - Buyer information updated
26 Apr 2024, 12:47 BST - Official notice release published
28 Mar 2024, 11:23 GMT - Official notice release published
28 Mar 2024, 11:18 GMT - Official notice release published
1 Mar 2024, 15:25 GMT - Buyer information updated
1 Mar 2024, 15:25 GMT - tender value changed
2 Feb 2024, 12:20 GMT - Status changed to published status
2 Feb 2024, 12:20 GMT - Official notice release published
2 Feb 2024, 12:20 GMT - Published value updated to £18,449,282
19 Dec 2023, 17:08 GMT - Status changed to planned
19 Dec 2023, 17:08 GMT - Official notice release published
19 Dec 2023, 17:08 GMT - Buyer information updated
19 Dec 2023, 17:08 GMT - Published tender amendment
Not published
Lots and requirements (0)
Published by the contracting authority
No lots are published for this procedure
Timeline
- Procedure published
13 Jul 2024, 19:45 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-1376Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published