Short Term Payment Contingency
Details
| Contract Title: | Short Term Payment Contingency |
| Published Date: | Apr 2, 2026 |
| Notice Type: | Notice (PriorInformationNotice) |
| Value Banding: | High Value |
| Delivery Point: | United Kingdom |
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. • STP...