RFP QuestBeta
Awarded · ResultStage · contract

Department for Education

Controls Audit for Income Contingent Repayment Loans

Business ServicesCPV 79212200 79212300
Value£450k
Awarded28 Jun 2024
Published13 Nov 2024
RegionUK-wide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£450ktotal contract value
median £66k
this tender£0£1.6m

This is a large award for Business Services — above three-quarters of comparable contracts. Based on 57,319 valued Business Services tenders in our corpus.

The brief

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.

Requirements

What the notice asks for

01

Following the 2008 Sale of Student Loans

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.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

The gates

What this notice demands of you

1 named, none in explicit obligation language. Each one is quoted from the notice.

Crown Commercial Service frameworkFrameworks & routes to market
This contract was competed via the Crown Commercial Service's Audit &

Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.

Buyer intelligence

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Source & provenance
OCID
320cf83b-6d41-4ea4-ba58-114456bb12b0
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_409870/1425146
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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