Short Term Payment Contingency
| Source: | Find a Tender Service (FTS) |
| Buyer: | Department for Work & Pensions |
| Main Category: | Services |
| Procurement Method: | Competitive flexible procedure |
| Tender Status: | Planned |
| Estimated Value (ex. VAT): | £2,684,000 |
| Estimated Value (inc. VAT): | £3,221,000 |
| Release Date: | 1 April 2026 |
| Application Deadline: | — |
| Enquiry Deadline: | 4 September 2026 |
| Contract Start Date: | 30 June 2027 (Estimated) |
| Contract End Date: | 30 June 2032 (Estimated) |
| Contract Duration: | 5.1 years |
| Procurement ID (OCID): | ocds-h6vhtk-0615c5🔒 BidWriter |
| Notice Reference: | 030424-2026🔒 BidWriter |
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Description
This notice relates to the of the Short Term Payment Contingency Service (STPC) which ensure that benefit and pension entitlement payments are credited on the customer’s due date. The STPC service is invoked in exceptional circumstances where there is a delay in DWP releasing the Bacs payment file(s). The existing services are provided under two separate, interdependent contracts; Short Term Payment Contingency (STPC) and Sponsor Bank (SB), which are both required to allow invocation. • STPC: reformats Bacs payments file(s) into Faster Payments for onward submission into the Faster Payment infrastructure • SB: is required for the settlement of funds with the Bank of England. This notice relates specifically to the STPC element of the Short Term Payment Contingency Service. The STPC service transforms Bacs payments into Faster Payments to ensure customers receive their benefit/pension entitlement on their due date in the events of any delays from DWP on Bacs file(s) release.
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Estimated Value
£2,684,000
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