---
title: "Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme"
ocid: "ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2019-05-03"
---

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

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3.json)

## Summary

The Department for Education is seeking audit and assurance services for the Income Contingent Repayment Student Loan Monetisation Programme, with the contract established under a selective procurement method through a framework agreement. The tender, titled "Audit and Assurance Services for the Income Contingent Repayment Student Loan Monetisation Programme," completed its tender period on 12 December 2017. The contract commenced on 11 July 2018 and is set to end on 10 July 2022. It falls within the industry category of education and training services. The purchasing activities are primarily based in London, England.

This tender presents significant business opportunities for small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) that specialise in audit and financial services. Companies with expertise in auditing complex financial models and transaction data verification will find themselves well-positioned to compete for future related tenders within the ongoing monetisation programme, which anticipates multiple transaction launches annually over the next several years.

## 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 | 3 May 2019 |
| Submission deadline | 12 Dec 2017 |
| Future notice date | Not specified |
| Award date | 1 Mar 2018 |
| Contract period | 10 Jul 2018 - 10 Jul 2022 |
| 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 | ERNST AND YOUNG |

## CPV Codes

### Divisions

- 80 - Education and training services

### Codes

- 80000000 - Education and training services

## Release History

- 3 May 2019 at 13:24 - Award - 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
  3rd May 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-a5f261b4-0106-4be3-b738-f0e6e84950f3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a5f261b4-0106-4be3-b738-f0e6e84950f3.json.