Controls Audit for Income Contingent Repayment Loans

Contract summary

Industry

• Internal audit services - 79212200

• Statutory audit services - 79212300

Location of contract

Any region

Value of contract

£450,000

Procurement reference

tender_409870/1425146

Published date

13 November 2024

Closing date

28 June 2024

Closing time

5pm

Contract start date

1 December 2024

Contract end date

30 November 2027

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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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 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.

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More information

Attachments

• RM6188-Call-Off-Schedule-10_-Exit-Management-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-14_-Service-Levels-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-15_-Call-Off-Contract-Management-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-16_-Benchmarking-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-1_-Transparency-Reports-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-20_-Specification-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-3-Continuous-Improvement-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-5_-Pricing-Details-REDACTED.pdf
• Redacted Contract

• RM6188-Call-Off-Schedule-9_-Security-REDACTED.pdf
• Redacted Contract

• RM6188-CS-7_-Key-Supplier-Staff - REDACTED.pdf
• Redacted Contract

• RM6188-CS-8_-Business-Continuity-and-Disaster-Recovery - REDACTED.pdf
• Redacted Contract

• RM6188-Framework-Schedule-6_-Order-Form-REDACTED.pdf
• REDACTED order form

• RM6188-Joint-Schedule-10_-Rectification-Plan-REDACTED.pdf
• Redacted Contract

• RM6188-Joint-Schedule-11_-Processing-Data-REDACTED.pdf
• Redacted Contract

• RM6188-Joint-Schedule-1_-Definitions-REDACTED.pdf
• Redacted Contract

• RM6188-Joint-Schedule-2_-Variation-Form-REDACTED.pdf
• Redacted Contract

• RM6188-Joint-Schedule-3_-Insurance-Requirements-REDACTED.pdf
• Redacted Contract

• RM6188-JS-4_-Commercially-Sensitive-Information-REDACTED.pdf
• Redacted Contract

• RM6188-JS-5_-Corporate-Social-Responsibility-REDACTED.pdf
• Redacted Contract

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Award information

Awarded date

16 October 2024

Contract start date

1 December 2024

Contract end date

30 November 2027

Total value of contract

£450,000

This contract was awarded to 1 supplier.

RSM UK Risk Assurance Services LLP

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About the buyer

Address

Cheylesmore House, 5 Quinton Rd, Coventry
Coventry
CV1 2WT
England

Email

robert.alexander@education.gov.uk