---
title: "Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers"
ocid: "ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFFICE FOR STUDENTS"
published: "2024-12-11"
---

# Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers

Buyer: OFFICE FOR STUDENTS  
Current stage: Award  
OCID: ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b

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## Summary

The Office for Students (OfS) has successfully completed a procurement process for establishing a framework to assess financial risk and transformation planning at higher education providers. This tender, classified under "Financial management consultancy services" (CPV code 79412000), sought to secure services to evaluate the financial health and governance capabilities of HE providers. The awarded framework, valued at £4,000,000 GBP, covers services to be delivered in the South West region of the United Kingdom. The procurement was conducted through an open procedure, starting on 11th December 2024 with a three-year contract period ending on 10th December 2027.

This framework presents a significant opportunity for financial consultancy firms, especially those with expertise in higher education sector evaluations, to support the OfS in ensuring robust financial management within HE institutions. Large firms such as BDO LLP, PricewaterhouseCoopers LLP, KPMG LLP, Teneo Financial Advisory Limited, and Deloitte LLP have been awarded the contract, but there may still be opportunities for SMEs to contribute given the scale and diverse needs of the project. Businesses skilled in financial risk assessment and strategic transformation planning for educational institutions are well-positioned to benefit from collaborations within this framework, fostering business growth and development in a critical public sector domain.

## Notice

The OfS is seeking to procure capacity to undertake financial risk and transformation planning assessments of HE providers. The objective is to evaluate the financial health and the management and governance capability of HE providers to ensure that the interests of students are safeguarded throughout any financial adjustments or transition, including potential market exits. Suppliers will be expected to deliver high quality evaluations that support the OfS in maintaining a robust and sustainable HE sector. Potential suppliers will be asked to set out an example roadmap and delivery plan for a case study as part of the framework tendering process. The OfS intends to award a framework of suppliers.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c454532c-4464-4f7d-a724-e0f62366e9e0 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Dec 2024 |
| Submission deadline | 10 Dec 2024 |
| Future notice date | Not specified |
| Award date | 10 Dec 2024 |
| Contract period | 11 Dec 2024 - 10 Dec 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,000,000 |
| Lots value | Not specified |
| Awards value | £4,000,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFFICE FOR STUDENTS |
| Locality | BRISTOL |
| Post town | Bristol |
| Postcode | BS34 8SR |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK5 West of England |
| ITL 3 | TLK52 Bath & North East Somerset and South Gloucestershire |
| Local authority | South Gloucestershire |
| Electoral ward | Stoke Gifford |
| Westminster constituency | Filton and Bradley Stoke |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 5 |
| Supplier names | BDO; DELOITTE; KPMG; PRICEWATERHOUSECOOPERS; TENEO FINANCIAL ADVISORY |

## CPV Codes

### Divisions

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

### Codes

- 79412000 - Financial management consultancy services

## Release History

- 11 Dec 2024 at 10:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c454532c-4464-4f7d-a724-e0f62366e9e0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c454532c-4464-4f7d-a724-e0f62366e9e0
  11th December 2024 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=909202115
  Please follow this link to view the notice.

## 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-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-23e9e52d-c8f8-4f41-a90d-f12a9c0e716b.json.