Sponsor Bank Service
Department for Work & Pensions · Central government
In brief
Department for Work & Pensions has announced plans to buy financial services work. This is an early notice: there is nothing to bid on yet, but it tells you a tender may follow.
The estimated value is £1,353,740 excluding VAT.
The contract runs for 5 years, up to 7 years with extensions, starting 1 July 2027.
Built from the notice's own fields. Always check the official notice before you bid.
Can I win this?
Key dates
- Questions by
- 11:45pm, Friday 2 October 2026
- Express interest by
- 11:45pm, Friday 16 October 2026
This is the first stage. You register interest now, and shortlisted suppliers are invited to bid later.
Competition
Usually low: a median of 2 bids per contract for this buyer (from 5 awards in the last 12 months).
What the notice 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…Read the full description
How to bid
- Read the full notice on Find a Tender, including any tender documents it links to.
- Register your organisation on the Central Digital Platform (through Find a Tender) if you have not already. Suppliers need to be registered to take part in procurements under the Procurement Act 2023.
- Follow the submission instructions in the notice; it does not name an e-tendering portal.
- Send clarification questions before 11:45pm, Friday 2 October 2026.
- Register your interest before 11:45pm, Friday 16 October 2026. Shortlisted suppliers are then invited to bid.
Timeline
- Pipeline notice · UK1, notice 009643-2026
- Preliminary market engagement notice · UK2, notice 040520-2026
- Planned procurement notice · UK3, notice 053510-2026
- Planned procurement notice · UK3, notice 063771-2026
- Planned procurement notice · UK3, notice 075447-2026
About the buyer
Procurements
167Awards
117Suppliers it has used most for financial services
- AECOM Limited1 contract
- Paypoint Network Limited1 contract
Similar open tenders
All open financial services tenders- £1.3bnframework ceiling
- £10.7mestimated
- £65kestimated
- £11.2mestimated
- £130mframework ceiling
From notice 009643-2026 on Find a Tender, first published 3 February 2026, last updated 7 August 2026. We last checked for changes on 28 September 2026.