Sponsor Bank Service
- Buyer
- Department for Work & Pensions
- Country
- United Kingdom
- Value
- 1.2m GBP
- Published
- 2026-10-15
- Deadline
- 2026-11-22
- Type
- UK3 Planned procurement notice
- Status
- Open to bid
- Category
- CPV 66000000
Description
The Department for Work and Pensions (DWP) wish to give notice of planned procurement opportunity in relation to two linked but separate future procurements for DWP payment contingency services (together referred to in this notice as the “Payment Contingency Services (“PCS”)). The intention of the PCS is to ensure DWP has robust contingencies in place to make benefit and pension entitlement payments to its customers on the dates they are due. The PCS are invoked only in exceptional circumstances where there is a delay in DWP releasing Bacs payment file(s). The DWP intends for the relevant services to be provided under two separate, interdependent contracts (both of which are required to allow for invocation of PCS) as follows: Short Term Payment Contingency (“STPC”) : This service reformats Bacs payments files into Faster Payment files for onward submission into the Faster Payment infrastructure Sponsor Bank (“SB”) : This service is required for the settlement of funds with the Bank…
The buyer's description as published on Find a Tender (UK), shortened. The full notice is at the source.
Around this tender
- Closes in 31 days, on 2026-11-22.
- Department for Work & Pensions has 20 notices on this site, 6 of them open now, the earliest published 2026-10-05. See them all.
- One of 43 open Financial & insurance services tenders in United Kingdom on this site; where a value is published, the median is 3.0m USD.
- Work under the same CPV group (660) is open in 16 other countries: Denmark (17), Poland (10), France (9), Netherlands (8), Finland (7) and 11 more.
Counted from the notices this site holds, which reach back about a month - not everything a buyer has ever published.
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About this record
This notice was published via Find a Tender (UK) and indexed automatically. Figures and dates are reproduced as published at source; always confirm against the original before acting on a deadline.
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