Find a Tender
planned
Official procurement procedure
Payment Exception Service
Administration services
Banking services
Financial and insurance services
+2 more
UK
Published value
£18,449,282
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Department for Work and Pensions: "Payment Exception Service". Published status: planned. Published value: £18,449,282. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Department for Work and Pensions | Scope & Categories | Not published | Submission Window | planned No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | £18,449,282 |
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 Unpublished data stays unknown.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 |
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 |
Published2 Feb 2024, 12:01 GMT | Last source update2 Feb 2024, 12:01 GMT | Recurring procurementNot published |
ClassificationAdministration services, Banking services, Financial and insurance services, Financial consultancy, financial transaction processing and clearing-house services | ||
Delivery area UK | ||
OCIDocds-h6vhtk-0436ba | ||
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
- Published value updated to £18,449,282
2 Feb 2024, 12:01 GMT - Status changed to planned
2 Feb 2024, 12:01 GMT - Official notice release published
2 Feb 2024, 12:01 GMT - Buyer information updated
2 Feb 2024, 12:01 GMT
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedplannedPublished valueNot publishedIt is envisaged that the Invitation to Tender will be published during Spring ’24 with an aim to award a contract during Summer ‘24. The DWP will be running this competitive process through the Crown Commercial Service’s (CCS) Funds Administration & Disbursement Service (FAADS) Dynamic Purchasing System (DPS) RM6322 and interested parties must be registered as a supplier on the DPS in order to formally access and respond to the ITT. Additional information: Payment Exception Service - Anticipated Timeline; Market Engagement will take place in the month of March 2024 and a revised anticipated timeline will be provided no later than 29th February.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
2 Feb 2024, 12:01 GMT
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