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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 AuthorityDepartment for Work and PensionsScope & CategoriesNot publishedSubmission Window
Recorded
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
4.2Bids / Report
46.2% 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: 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 Unpublished data stays unknown.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
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
  1. Official notice release published
    13 Jul 2024, 19:45 BST
  2. Official notice release published
    17 Jun 2024, 11:08 BST
  3. Buyer information updated
    17 Jun 2024, 11:08 BST
  4. Official notice release published
    26 Apr 2024, 12:47 BST
  5. Buyer information updated
    26 Apr 2024, 12:47 BST
  6. Official notice release published
    28 Mar 2024, 11:23 GMT
  7. Official notice release published
    28 Mar 2024, 11:18 GMT
  8. Official notice release published
    1 Mar 2024, 15:25 GMT
  9. Buyer information updated
    1 Mar 2024, 15:25 GMT
  10. tender value changed
    2 Feb 2024, 12:20 GMT
  11. Status changed to published status
    2 Feb 2024, 12:20 GMT
  12. Official notice release published
    2 Feb 2024, 12:20 GMT
  13. Published value updated to £18,449,282
    19 Dec 2023, 17:08 GMT
  14. Status changed to planned
    19 Dec 2023, 17:08 GMT
  15. Official notice release published
    19 Dec 2023, 17:08 GMT
  16. Buyer information updated
    19 Dec 2023, 17:08 GMT
  17. Published tender amendment
    Not published
Lots and requirements (0)
Published by the contracting authority
No data
No lots are published for this procedure
Timeline
  1. 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-1376
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published