Award

ICR Student Loans Monetisation Project - Legal Services

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

23 Jun 2023 at 10:45

Award Notice
Summary of the contracting process

The Department for Education has awarded a contract for the ICR Student Loans Monetisation Project - Legal Services. This procurement involves providing financial legal advisory services to support the Master Servicer Function, overseen by The Department for Education. The contract period is from 4th June 2023 until 16th December 2026, with the option to extend for a further 12-month period. The procurement method used was selective, through calling off from a framework agreement, with the tender period closing on 17th February 2023.

This tender presents an opportunity for businesses in the legal services industry, especially those experienced in financial legal advisory services. Small and medium-sized enterprises (SMEs) will find this tender suitable for competing, as the Department for Education has indicated their suitability. The contract value is £500,000 GBP, and the location includes various regions such as the United Kingdom, European countries, and the British Oversea Territories.

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Notice Information

Notice Title

ICR Student Loans Monetisation Project - Legal Services

Notice Description

This award notice is for the conclusion of a further competition conducted under the Legal Services Panel RM6179. Brief Description of Requirement: Provision of financial legal advisory services to support the Master Servicer Function, overseen by The Department for Education who services the sold student loan portfolio on behalf of investors. Contract Term: Initial contract term is from 4th June 2023 until 16th December 2026 with the option to extend for a further 12 month period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98596ce0-2779-4d2e-9b15-f0c471d5048b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jun 20232 years ago
Submission Deadline
17 Feb 2023Expired
Future Notice Date
Not specified
Award Date
3 Jun 20232 years ago
Contract Period
3 Jun 2023 - 16 Dec 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR EDUCATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SLAUGHTER AND MAY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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