Section one: Contracting authority/entity
one.1) Name and addresses
DEPARTMENT FOR WORK AND PENSIONS
CAXTON HOUSE
LONDON
SW1H9DA
Contact
Louise Rice
Telephone
+44 1253611633
Country
United Kingdom
NUTS code
UKI32 - Westminster
Internet address(es)
Main address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
DWP Contingency Payment Services
Reference number
Project_24193
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short 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. The anticipated start date will be 01/04/22 to allow for an implementation phase if required. 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 from 18 October 21 up to 7 November 21. 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.
Section six. Complementary information
six.6) Original notice reference
Notice number: 2021/S 000-025868
Section seven. Changes
seven.1) Information to be changed or added
seven.2) Other additional information
II.1.5 Estimated Total Contract Value is £1,000,000