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Official procurement procedure

DWP Payment Contingency Service

Banking services
Financial and insurance services
UK
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Department for Work and Pensions: "DWP Payment Contingency Service". Published status: complete. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityDepartment for Work and PensionsScope & CategoriesNot publishedSubmission Window
complete
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
2Bids / Report
50% 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: 6 active published awards; 4 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 Unpublished data stays unknown.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
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published19 Aug 2022, 16:19 BST
Last source update19 Aug 2022, 16:19 BST
Recurring procurementNot published
ClassificationBanking services, Financial and insurance services
Delivery area
UK
OCIDocds-h6vhtk-02ec79
What is being bought
This procurement is for the provision of the DWP Payment Contingency Service. 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 State's obligation. The end to end Payment Contingency service requires two separate components, these are: • LOT 1 - A service to reformat BACS payments into Faster Payments for onward submission into the Faster Payment infrastructure • LOT 2 - A Sponsor Bank for the settlement of funds with the Bank of England. DWP makes circa. 2.5m payments per day and pays over £3.7bn per week.
What changed
From the official release history
  1. Status changed to complete
    19 Aug 2022, 16:19 BST
  2. Official notice release published
    19 Aug 2022, 16:19 BST
  3. Buyer information updated
    19 Aug 2022, 16:19 BST
  4. Official notice release published
    24 Feb 2022, 16:04 GMT
  5. Official notice release published
    18 Nov 2021, 15:45 GMT
  6. Official notice release published
    1 Nov 2021, 15:31 GMT
  7. tender value changed
    19 Oct 2021, 12:03 BST
  8. Status changed to published status
    19 Oct 2021, 12:03 BST
  9. Official notice release published
    19 Oct 2021, 12:03 BST
  10. Submission deadline changed to published date
    19 Oct 2021, 12:03 BST
  11. Published value updated to £1,000,000,000
    15 Oct 2021, 15:37 BST
  12. Status changed to active
    15 Oct 2021, 15:37 BST
  13. Official notice release published
    15 Oct 2021, 15:37 BST
  14. Submission deadline changed to 14 Nov 2021, 23:59 GMT
    15 Oct 2021, 15:37 BST
  15. Buyer information updated
    15 Oct 2021, 15:37 BST
Lots and requirements (2)
Published by the contracting authority
  • Lot 1 · #2
    Lot 2 - Sponsor Bank
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #Lot 1
    Lot 1 - Short Term Payments Service (STPC)
    cancelled
    Published valueNot published
    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 State's obligation.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    19 Aug 2022, 16:19 BST
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Contract active
    Signed 30 Jun 2022, 00:00 BST · £990,000
  5. Contract active
    Signed 30 Jun 2022, 00:00 BST · £502,200
Commercial outcome and competition
Awards
Vocalink International Limited
Not published · Not published · active
HSBC Bank Plc
Not published · Not published · active
Contracts
Short Term Payments Contingency (STPC)
£990,000 · signed 30 Jun 2022, 00:00 BST · active
Sponsor Bank
£502,200 · signed 30 Jun 2022, 00:00 BST · active
Bid statistics
bids: 2
electronicBids: 2
foreignBidsFromEU: 1
foreignBidsFromNonEU: 1
smeBids: 1
bids: 1 (lot 2)
electronicBids: 1 (lot 2)
foreignBidsFromEU: 1 (lot 2)
foreignBidsFromNonEU: 1 (lot 2)
smeBids: 1 (lot 2)
Buyer and organisations in this procedure

Department for Work and Pensions

Contracting authority GB-FTS-18614
View buyer profile

  • Department for Work and Pensions
    buyer

    Caxton House, Tothill Street, London, UK, SW1H 9NA
    Lydia.Chung@dwp.gov.uk

  • Department for Work and Pensions
    reviewBody

    Caxton House, Tothill St, London, SW1H 9NA

  • HSBC Bank Plc
    supplier

    00014259
    8 Canada Square, London, UK, E14 5HQ

  • Vocalink International Limited
    supplier

    11646063
    1 Angel Lane, London, UK, EC4R 3AB
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published