Source: https://tendernation.io/opportunities/01a13ca7-b7f5-709a-9dc7-9cb59b54e642/dwp-contingency-payment-services [Skip to main content](#main-content) closedGBopen procedureSuitable for SMEs # DWP Contingency Payment Services [Department for Work and Pensions](https://tendernation.io/buyers/department-for-work-and-pensions) Estimated value £1,000,000 Published 16 Nov 2021 Deadline Closed 27 Mar 2022 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](/opportunities/for-small-businesses)## About this tender 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. Additional information: 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 [dwp.bravosolution.co.uk](https://dwp.bravosolution.co.uk/) Read full description ## CPV classification Financial and insurance services Source Contracts Finder (UK) [View official notice ](https://www.contractsfinder.service.gov.uk/notice/ee52839d-a75f-4f84-9834-1814eeef3326) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free ](/register) [Buyer profileDepartment for Work and Pensions: past awards and live tenders](https://tendernation.io/buyers/department-for-work-and-pensions)[SectorMore Financial & insurance services tenders](https://tendernation.io/sectors/financial-insurance-services) ## More tenders like this [Insurance Procurement Local Space 27 days left 13 Nov 2026](https://tendernation.io/opportunities/01a14427-99f2-714c-89ff-b2d3a77e9b3d/insurance-procurement)[Financial leasing services – Förmånscyklar Region Halland 29 days left 14 Nov 2026](https://tendernation.io/opportunities/01a14210-0b2b-7136-a618-74fc1f5e82fd/sweden-financial-leasing-services-formanscyklar)[Financial leasing services – Leasing zwrotny finansowy środków trwałych Miejskie Przedsiębiorstwo Oczyszczania Spółka z o.o. 13 days left 30 Oct 2026](https://tendernation.io/opportunities/01a14210-0bfa-7028-91b2-1e7bd0a06fb2/poland-financial-leasing-services-leasing-zwrotny-finansowy-srodkow-trwalych)[Insurance services – Eigenrisicodragerschap WGA ABG-organisatie 37 days left 23 Nov 2026](https://tendernation.io/opportunities/01a1420f-ffed-70f7-bb52-75984a3590bc/netherlands-insurance-services-eigenrisicodragerschap-wga)[Insurance services – DCE 2026-103-01 - Assurances Dommages aux biens Institut Technologique Fcba 44 days left 30 Nov 2026](https://tendernation.io/opportunities/01a1420f-fd77-715c-8e37-28d3e608ef74/france-insurance-services-dce-2026-103-01-assurances-dommages-aux-biens)[Portfolio management services – Kuhmon kaupungin varainhoidon palveluiden hankinta Kuhmon kaupunki 30 days left 16 Nov 2026](https://tendernation.io/opportunities/01a14210-0f58-712c-8802-4349ba955dee/finland-portfolio-management-services-kuhmon-kaupungin-varainhoidon-palvelui)