Short Term Payment Contingency

This tender closed on 16 October 2026.

Buyer
Department for Work & Pensions
Value
£2,684,000
Closed
16 October 2026
Where
London
Type
Open tender

In plain English

The Department for Work and Pensions needs a service to convert standard bank payment files (Bacs format) into faster payment files so they can pay benefits and pensions to customers on time when there are delays. This is a backup emergency service only used in exceptional circumstances.

What the buyer wants

• Convert Bacs payment files into Faster Payment format files • Ensure the reformatted files can be submitted into the Faster Payment banking infrastructure • Provide this service only when DWP activates it due to payment processing delays

Requirements

What could rule a small business out: This contract requires highly specialized banking and payment systems expertise. Most small trades (builders, cleaners, electricians) cannot bid. You must have proven experience in financial payments processing and be able to integrate with UK banking infrastructure.

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