Published date: 16 November 2021
Last edited date: 25 February 2022
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
FY4 5ES
Value of contract
£1,000,000
Procurement reference
Project_24193
Published date
16 November 2021
Closing date
27 March 2022
Closing time
11:59pm
Contract start date
1 July 2022
Contract end date
30 June 2025
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
This procurement is for the provision of the DWP Payment Contingency Services and a Sponsor Bank.
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.
The end to end solution must be available from 01/07/22.
Suppliers can submit a bid for the LOT 1 or LOT 2 services or both services. The Authority do not require the LOT 1 supplier to manage the LOT 2 supplier.
Clarification questions may be submitted up to 23.59 on the 11 March 2022. For transparency, clarification questions and responses will be shared with all interested suppliers, all sensitive information will be removed prior to wider publication.
Please Note: The Authority reserves the right to end the tendering process at any time and not to award a contract. Any costs incurred in the preparation and submitting of a bid and any subsequent activity connected to this tender exercise will be met by the Supplier, not the Authority.
More information
Additional text
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The contingency contract will contain the option to be extended by 1+1 years beyond the original term.
Tenders or requests to participate must be submitted electronically via
https://dwp.bravosolution.co.uk/
About the buyer
Contact name
Louise Rice
Address
Peel Park
Brunel Way
Blackpool
FY4 5ES
England
Telephone
07919 547211
Website
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Closing: 27 March 2022, 11:59pm
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