Audit and Assurance Services for Income Contingent Repayment Student Loans Monetisation Programme
Reference ocds-b5fd17-02a348cb-af11-41c9-87f6-706da399acad · Department for Education
Awarded to BDO LLP for £719,075.
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Amounts and figures
Description
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 an Audit and Assurance Provider to deliver two related workstreams annually: - Assumptions AUP Report covering both the Assumptions AUP (one report to cover both sales). It will include auditing the Transition Matrices (TMs) used within the Earnings Module and Payment Adjustment Factors (PAFs) used in the Re-payments Module. - A Model Audit Report (one report per sale): Audit of the complex financial model used to forecast student loan cashflows. This should focus on any changes made to the model annually. It will include audit of any methodological changes, analytical review of TERM to make sure the model reacts to economic variations in an expected manner, and audit of the Liabilities Module. The type of methodological change could include (but not be limited to): a change in the indexation of a Note in the Liabilities module, a change in the source macroeconom…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| BDO LLP | £719,075 | 23 May 2025 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 89563c92-51d6-426b-ae42-86ed8dda3e30-850021 | 17 June 2025 |
| Contracts Finder | 89563c92-51d6-426b-ae42-86ed8dda3e30-850021 | 17 June 2025 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 5 February 2025, 17:00. Check the official source, as dates can be modified.
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- The estimated value published by the buyer is £719,075.
- Who is the buyer of this tender?
- The contracting authority is Department for Education (United Kingdom).
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