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    ContractsDWP Sponsor Bank Payment Contingency Service Procurement
    Open tender

    DWP Sponsor Bank Payment Contingency Service Procurement

    Contract value
    £1.4m
    Published 5 Jun 2026

    DWP is procuring a Sponsor Bank service to enable emergency settlement of benefit and pension payments through the Bank of England under its Payment Contingency Services framework.

    🇬🇧United Kingdom· EnglandPublished 5 Jun 2026· 2 months agoviaFind a Tender
    Contract value
    £1.4m
    Published 5 Jun 2026

    Decision brief

    4 fields
    • Contract value
      £1,353,740indicative
      Pounds sterling
    • Closing date
      Rolling
      No closing date published
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      England

    Lifecycle

    Open

    Open tender — no closing date published. Opened 2 months ago.

    5 June 2026
    Open tender · no closing date published

    Brief

    The Department for Work and Pensions (DWP) is seeking a Sponsor Bank service provider to support its Payment Contingency Services (PCS). This service is essential for settling funds with the Bank of England when DWP needs to make emergency benefit and pension payments to customers due to delays in releasing standard Bacs payment files. This is one of two linked procurements: the Sponsor Bank service (Lot 2) works alongside the Short Term Payment Contingency service (Lot 1), which converts Bacs files to Faster Payments. These are separate contracts that may be awarded independently. The procurement will follow a two-stage Competitive Flexible Procedure under the Procurement Act 2023, with evaluation stages for compliance and capability. Interested suppliers must register on the Central Digital Platform (CDP) and use the DWP's Atamis online portal for all submissions. Further details, timelines, and application instructions will be provided in the UK4 Tender Notice on the Find a Tender Service. Preliminary market engagement events are optional. DWP reserves the right to amend terms, adjust timelines, or withdraw the procurement at any stage.

    Track record

    1 award · 1 winner
    Thin record

    Only 1 prior award here — too little to read.

    In financial services, Department for Work & Pensions has awarded 1 contract to 1 supplier.

    Who wins here
    1. AECOM LTD1× · 100%

    Across financial services, the most active winners are ARTHUR J GALLAGHER INSURANCE BROKERS LTD, ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY, LLOYDS INSURANCE COMPANY SA — the field to beat, or your route in as a partner.

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    Take action
    View tender on sourceFind a Tender

    Full notice and submission process on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-0615d4
    DF
    Buyer
    Department for Work & Pensions
    Sector
    Financial Services