--- title: "Understanding the drivers of historic graduate earnings, their evolution through the working lifetime, and forecasting future graduate earnings" ocid: "ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEPARTMENT FOR EDUCATION" published: "2018-08-15" --- # Understanding the drivers of historic graduate earnings, their evolution through the working lifetime, and forecasting future graduate earnings Buyer: DEPARTMENT FOR EDUCATION Current stage: Tender OCID: ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb.json) ## Summary The Department for Education (DfE) is currently in the tender stage of the procurement process for the research project titled "Understanding the drivers of historic graduate earnings, their evolution through the working lifetime, and forecasting future graduate earnings." This initiative, classified under Research and Development services, is open for expressions of interest (EOIs) until 5pm on Friday, 7th September 2018. The contract is expected to commence on 29th October 2018 and will run until 22nd February 2019. DfE is located in Sheffield, England, and this opportunity is available for businesses across the UK and beyond. This tender provides an excellent opportunity for businesses specialising in research and statistical analysis, particularly those with expertise in financial modelling and data analytics. Small and medium-sized enterprises (SMEs) are encouraged to apply, as the procurement method is open, allowing a wide range of businesses to compete. Companies with innovative approaches to understanding graduate earnings and repayment trends will be particularly well-suited for this contract, potentially leading to significant growth and collaboration with the government. ## Notice The Department for Education ('DfE') has commenced a programme to sell the English Pre-Browne ('Plan 1') Income Contingent Repayment ("ICR") loan book. These loans were made available to students on university or college higher education courses between September 1998 and September 2012, after which they were replaced (in England and Wales only) with Post-Browne ICR loans. UK Government Investments ('UKGI') is leading the sale programme on behalf of DfE, with modelling expertise and advice provided by the Government Actuary's Department. DfE launched the sale of the first tranche of the ICR loan book in February 2017, which completed in December 2017. A forecast model for Plan 1 loans, the Transition based Earnings & Repayment Model ('TERM'), has been developed to support the sale programme. TERM is based on a Markov transition model and projects Plan 1 borrower earnings and repayments on an annual basis. In order to support policy making in higher education, DfE has also developed a student loan repayment model and regularly publishes student loan forecasts. DfE and UKGI are keen to explore additional avenues that can deepen our understanding and ability to project borrower earnings. The objective of this research is to explore whether there are innovative methodologies (including statistical, data analytic techniques etc.) that could potentially enhance and/or complement current modelling of earnings and repayment trends of graduate that have an outstanding ICR student loan. Please note the deadline for EOIs is 5pm, Friday 7th September 2018 Additional information: Please note the deadline for EOIs is 5pm, Friday 7th September 2018 EOIs submitted must be no more than 1,500 words overall (excluding CVs). CVs of the key individuals expected to perform the analysis and deliver the outputs should be submitted. Please do not include website links or references. Any EOI responses longer than 1,500 words in total (excluding CVs) will be disregarded. Collaborative EOIs are welcome. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5f92b432-c1b5-4e47-bd99-4d17a545a9a3 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 15 Aug 2018 | | Submission deadline | 8 Sep 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 29 Oct 2018 - 22 Feb 2019 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR EDUCATION | | Locality | SHEFFIELD | | Post town | Sheffield | | Postcode | S1 2FJ | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE3 South Yorkshire | | ITL 3 | TLE32 Sheffield | | Local authority | Sheffield | | Electoral ward | City | | Westminster constituency | Sheffield Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73000000 - Research and development services and related consultancy services ## Release History - 15 Aug 2018 at 08:14 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5f92b432-c1b5-4e47-bd99-4d17a545a9a3 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5f92b432-c1b5-4e47-bd99-4d17a545a9a3 15th August 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/e7a2b5d7-3cbd-42f0-8312-2ae8f385dca7 EOI Advert - DFERPPU 2018043 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a3d93750-4ccd-458e-8c39-9f36986317b0 Terms and Conditions - https://www.contractsfinder.service.gov.uk/Notice/Attachment/3c494164-38b2-4d98-ba90-1d0b91c3ee90 New EOI form ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0bf861bf-c81c-4023-aecd-a0cedce88ceb.json.