--- title: "Controls Audit for Income Contingent Repayment Loans" ocid: "ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b.json" source: "Contracts Finder" current_stage: "Award" buyer: "DEPARTMENT FOR EDUCATION" published: "2024-11-13" --- # Controls Audit for Income Contingent Repayment Loans Buyer: DEPARTMENT FOR EDUCATION Current stage: Award OCID: ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b.json) ## Summary The Department for Education has awarded a contract to RSM UK Risk Assurance Services LLP for conducting a Controls Audit for Income Contingent Repayment Loans, following the 2008 Sale of Student Loans Act. This contract falls under the category of internal audit services (CPV 79212200) and the broader category of statutory audit services (CPV 79212300). The agreement, which was awarded on 16th October 2024, covers the period from 1st December 2024 to 30th November 2027, with an optional extension for another year. The procurement method was selective, sourced via a call-off from the Crown Commercial Service's Audit & Assurance Services (A&AS) framework (RM6188), Lot 4: Other Independent Assurance. The total contract value is £450,000, and audits will be conducted in various locations including British Overseas Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and other parts of the world. This tender presents significant opportunities for businesses specialising in audit and assurance services, particularly those with expertise in internal and statutory audit processes. Small and medium-sized enterprises (SMEs) with relevant experience are well-suited to compete in this space, offering a chance to partner with the Department for Education and extend their service offerings. The scope of the contract, covering multiple geographies and a substantial financial commitment, provides a valuable platform for growth and enhanced market presence for the awarded supplier. ## Notice Following the 2008 Sale of Student Loans Act, the Secretary of State for Education assumed the responsibilities of Master Servicer for the sold loans agreements, and is therefore responsible for sourcing a range of audits to ensure compliance. This is the Department's contract award notice for the re-procurement of a ISAE 3402 Controls Audit, for the Income Contingent Repayment Loans. This agreement will last from 1st December 2024 until 30th November 2027, with the option for the Department to pursue an extension for an additional year, if deemed appropriate. This contract was competed via the Crown Commercial Service's Audit & Assurance Services (A&AS) framework (RM6188), Lot 4: Other Independent Assurance. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/320cf83b-6d41-4ea4-ba58-114456bb12b0 | | 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 | 13 Nov 2024 | | Submission deadline | 28 Jun 2024 | | Future notice date | Not specified | | Award date | 15 Oct 2024 | | Contract period | 1 Dec 2024 - 30 Nov 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £450,000 | | Lots value | Not specified | | Awards value | £450,000 | | 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 | COVENTRY | | Post town | Coventry | | Postcode | CV1 2WT | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG33 Coventry | | Local authority | Coventry | | Electoral ward | St Michael's | | Westminster constituency | Coventry South | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | RSM UK RISK ASSURANCE SERVICES | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212200 - Internal audit services - 79212300 - Statutory audit services ## Release History - 13 Nov 2024 at 17:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/320cf83b-6d41-4ea4-ba58-114456bb12b0 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/320cf83b-6d41-4ea4-ba58-114456bb12b0 13th November 2024 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/558fd6d5-913a-401a-83f5-514b6aef6968 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/9eb0c458-fc17-40a2-9092-9fb6646bfb9a Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/e3748990-26e5-4256-820a-b85432d62708 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/1da68555-ac1a-4e0c-9989-a76197a04bfd Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d3ecd0af-d943-4b03-baa0-1211993159d4 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/3143fe9b-5a19-49c1-a08d-05edef4aea54 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/6934d148-5af7-45fe-95ae-38fc7d220e27 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/5107cf5f-e603-436f-a6a6-a6a80b74ec9e Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0c2f0920-0f21-4767-a404-6a99d0eefbfd Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/eb22ad46-bf56-45bc-b3c6-59138a44fd35 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0859c764-cd98-47bd-a37a-53b6fcd9d778 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b275180c-b2a5-43fd-b978-a2bbfcfbeae5 REDACTED order form - https://www.contractsfinder.service.gov.uk/Notice/Attachment/83f50614-6a0a-44af-a58d-e37ed1d22270 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/6904a01e-cdf9-419e-96e6-08b5e71df1e5 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/dd70d9c1-8498-40f2-9ffc-ee47ed19970c Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/6e636db6-1c08-4e37-a27e-baed2b9671a3 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/c1f62563-95be-4b3f-80f1-f2406c1dec91 Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d89b0984-a7a8-4596-b555-4b847eefe6de Redacted Contract - https://www.contractsfinder.service.gov.uk/Notice/Attachment/3edb1163-fe2d-44ca-9fed-0c65ef68deba 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-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9a2c1f7f-7d57-4a1c-9c17-72295e513d7b.json.