---
title: "Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme"
ocid: "ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2019-08-01"
---

# Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026

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## Summary

The Department for Education has initiated a procurement process titled "Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme," classified under the Education and Training Services industry. This tender is currently in the Award stage, having published the award notice on 1st August 2019. The contract is set to run from 13th March 2018 to 23rd August 2021, following a selective procurement method involving a call-off from a framework agreement. The tender period for submissions ended on 12th December 2017, with services required across various locations including the United Kingdom and British Overseas Territories.

This procurement presents significant opportunities for businesses specialising in audit and assurance services, particularly those with expertise in financial modelling and data validation. Small and Medium Enterprises (SMEs) and Voluntary, Community, and Social Enterprises (VCSEs) are encouraged to explore this tender, as the nature of the work involves ongoing collaboration with the Department for Education to ensure compliance and accuracy in financial reporting. Businesses that can demonstrate experience in similar projects or have a proven track record in the education sector will be well-positioned to compete effectively for this contract.

## Notice

This will cover 3 related work streams critical to execution of the monetisation programme, starting with a second loan sale transaction: 1. Audit of the complex financial model used to forecast student loan cashflows, including: a. an ongoing annual audit. b. an additional audit each time a new sale transaction launch is planned. Current assumptions are that the monetisation programme will launch one transaction per year over the next 4-5 years. 2. Audit of the underlying loan pool data which the model relies upon each time a new transaction is planned. 3. Audit of the transaction prospectus: a tick and tie of numbers from the model and loan pool with relevant values in the transaction prospectus each time a new transaction is planned.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1dbf5504-b22c-47bc-890c-12319e1fdcf3 |
| 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, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Aug 2019 |
| Submission deadline | 12 Dec 2017 |
| Future notice date | Not specified |
| Award date | 1 Mar 2018 |
| Contract period | 13 Mar 2018 - 23 Aug 2021 |
| 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 | 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 | HOGON LOVELLS INTERNATIONAL |

## CPV Codes

### Divisions

- 80 - Education and training services

### Codes

- 80000000 - Education and training services

## Release History

- 1 Aug 2019 at 15:05 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1dbf5504-b22c-47bc-890c-12319e1fdcf3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1dbf5504-b22c-47bc-890c-12319e1fdcf3
  1st August 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/aa3631b3-4512-43fe-8957-32377a61c6d0
  Redacted Contract

## 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-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-925e2c3f-5761-45cf-a969-b747aa861026.json.