---
title: "Office for Students: Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers"
ocid: "ocds-h6vhtk-04859e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04859e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04859e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04859e.json"
source: "Find A Tender Service"
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-h6vhtk-04859e

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## Summary

The Office for Students (OfS) has awarded a contract titled "Framework for the Assessment of Financial Risk and Transformation Planning at Higher Education Providers" under the industry category of Financial management consultancy services. The procurement, valued at £4,000,000, involves undertaking assessments of the financial health and management capabilities of higher education providers in the Gloucestershire, Wiltshire, and Bristol/Bath areas. The procurement process was an open procedure, and the contract was signed on 10th December 2024. The procurement stage is complete, with renowned consultancy firms PricewaterhouseCoopers LLP, BDO LLP, KPMG LLP, Teneo Financial Advisory Limited, and Deloitte LLP being awarded the contract.

This tender presents significant opportunities for businesses specialising in financial risk management and consultancy, particularly those adept at evaluating and planning transformation in higher education institutions. Small and medium-sized enterprises (SMEs) were encouraged to participate. The awarded framework seeks suppliers capable of delivering high-quality evaluations and strategic planning, ensuring the stability and sustainability of the higher education sector. Businesses with expertise in financial management, governance capability evaluations, and those able to propose robust, actionable plans for financial transitions and market exits are well-suited to such opportunities. The engagement can substantially enhance market reputation and open avenues for future public sector contracts.

## 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.

### Lot Information

Lot 1

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

Renewal: 12 month extension period

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/039892-2024 |
| Notice type | Tender Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Dec 2024 |
| Submission deadline | 9 Sep 2024 |
| Future notice date | Not specified |
| Award date | 10 Dec 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

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

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | TLK1 Gloucestershire, Wiltshire and Bristol/Bath area |

## 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 12:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/039892-2024
- 29 Jul 2024 at 15:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023646-2024

## Notice URLs

- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=909202115
- https://www.delta-esourcing.com/tenders/UK-UK-Bristol:-Financial-management-consultancy-services./8F22W4EAR7
- https://www.delta-esourcing.com/tenders/UK-title/8F22W4EAR7
- https://www.officeforstudents.org.uk

## 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-h6vhtk-04859e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04859e.json.