---
title: "ICR Student Loans Monetisation Project - Legal Services"
ocid: "ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2023-06-23"
---

# ICR Student Loans Monetisation Project - Legal Services

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345.json)

## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/98596ce0-2779-4d2e-9b15-f0c471d5048b |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jun 2023 |
| Submission deadline | 17 Feb 2023 |
| Future notice date | Not specified |
| Award date | 3 Jun 2023 |
| Contract period | 3 Jun 2023 - 16 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | £500,000 |
| 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 | DEPARTMENT FOR EDUCATION |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SLAUGHTER AND MAY |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services

## Release History

- 23 Jun 2023 at 10:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/98596ce0-2779-4d2e-9b15-f0c471d5048b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/98596ce0-2779-4d2e-9b15-f0c471d5048b
  23rd June 2023 - Awarded contract notice on Contracts Finder

## 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-b5fd17-4325a957-7579-4ed8-91dd-161188e75345. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4325a957-7579-4ed8-91dd-161188e75345.json.