Short Term Payment Contingency Tender in United Kingdom - 146807422

Procurement Summary

Country: United Kingdom

Summary: Short Term Payment Contingency

Deadline: 16 Oct 2026

Posting Date: 08 Aug 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 146807422

Document Ref. No.: P-1061

Competition: ICB

Financier: Self Financed

Purchaser Ownership: Public

Tender Value: Refer Document

CPV Classification

66000000 - Financial and insurance services

Purchaser's Detail

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Tender Details

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”) - Lot 1: This service reformats Bacs payments files into Faster Payment files for onward submission into the Faster Payment infrastructure Sponsor Bank (“SB”) - Lot 2: This service is required for the settlement of funds with the Bank of England. Please note that as these are separate procurements, different procurement processes and/or commercial approach may apply to each procurement. In addition, each procurement may be awarded, delayed, or withdrawn independently of the other. This notice relates specifically to the STPC procurement. A separate UK3 Planned Procurement Notice has been issued for the SB procurement, which can be found on Find a Tender Service. Please note that: - Further i...

Documents

 Tender Notice