Winnable

Open tenders / Legal, finance & audit

Planned procurement · Notice 097556-2026

Short Term Payment Contingency

Department for Work & Pensions

Value
£2.7m
Stage
Early notice
Where
UK-wide
Lots
1
Suitable for SMEs
Not stated
Contract
1 Jul 2027 – 30 Jun 2032

In plain English

DWP is planning a future tender for a Short Term Payment Contingency service, which reformats Bacs payment files into Faster Payment files so benefit and pension payments can still be made if normal payment processing is delayed. The contract would run from 1 July 2027 to 30 June 2032 and is worth an estimated £2,684,000, but this notice is only an advance warning — bidding isn't open yet.

Good fit for: Specialist payment processing or financial infrastructure firms with Faster Payments and Bacs experience

The catch (with the notice's own words):
  • Must register on the new Central Digital Platform to take part It is mandatory for any interested suppliers to register on the new Central Digital Platform (CDP)
  • Linked to a separate Sponsor Bank contract needed for settlement with the Bank of England Sponsor Bank (“SB”) : This service is required for the settlement of funds with the Bank of England.

Written with AI from the official notice. Check the notice before relying on it.

What the buyer says

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 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 information and relevant guidance will be provided in or with the UK4 Tender Notice, published on Find a Tender Service website. - UK 4 Notice and associated procurement documents provided with that notice will outline how and when to express your interest to participate in the procurement process. - All procur…

Read the official notice

What happens next

This is an early notice: the buyer is planning a tender, and its documents come when the tender is published. Read the official notice for the details.

Procedure: Competitive flexible procedure (Flexible: the buyer sets the stages, often a shortlist first, then bids). Published 15 Oct 2026.

Similar open tenders

Want tenders like this, matched to your firm?

Winnable emails the few new tenders that fit you each weekday, with the catch spelled out. £29/month after a 14-day free trial (no card needed).

Start free trial