# Sponsor Bank for Short Term Payment Contingency

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [DEPARTMENT FOR WORK AND PENSIONS](/buyers/department-for-work-and-pensions/contract-awards)
- Tender value: £220,000
- Published: 6 January 2020
- Planned start: 1 July 2020
- Planned end: 30 June 2021
- Stage: open_tender
- Procurement category: services
- Notice ID: 5c8d7ca0-2d3b-489f-9307-f42058301616-335194
- OCID: ocds-b5fd17-276fb479-c1d3-42e4-9b94-f6f5d9b792f4

## Description

This procurement relates to the provision of the Short Term Payment Contingency \(STPC\) service, specifically to the Sponsor Bank element which is required to support the functionality of STPC\. Without a Sponsor Bank in place, STPC 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 threatens the Department's ability to make payment on time\. The service transforms BACS payments into Faster Payments to ensure that customers receive their entitlement on their due date, reducing reputational risk and satisfying the Secretary of State's obligation\. The end to end STPC service requires two separate components, these are: • A service to reformat BACS payments into Faster Payments for onward submission into the Faster Payment infrastructure\. • A Sponsor Bank for the settlement of funds with the Bank of England\. The procurement is for the Sponsor Bank element only\. DWP makes circa\. 2\.2m payments per day and pays over £3bn per week\. The end to end solution must be available from 01/07/20 to avoid a break in service\. 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 the tender exercise will be met by the supplier, not the Authority\. Additional information: The Invitation to Tender Pack is available on Bravosolution\. Your tender response should be submitted via BravoSolution\. If you are not a BravoSolution registered supplier, you must register with BravoSolution to bid - https://dwp\.bravosolution\.co\.uk/web/login\.shtml Helpline telephone number:0800 368 4850 Helpline email: help@bravosolution\.co\.uk

## Related contract awards

- [WorkWell Expansion Evaluation Commissioning](/contracts/ocds-b5fd17-2da32718-196d-41a8-9461-51aa57f81961): Department for Work & Pensions
- [Commercial Strategy and Procurement Delivery Services](/contracts/ocds-b5fd17-115958cc-5120-4c51-b3fa-8e2978996dc0): Department for Work and Pensions
- [Jobs and Careers Service Exhibition Trailer](/contracts/ocds-b5fd17-0cff430a-8b57-4fec-aefa-0322a1642467): Department for Work and Pensions

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/5c8d7ca0-2d3b-489f-9307-f42058301616-335194)