Published date: 15 August 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 8 September 2018

Contract summary

Industry

  • Research and development services and related consultancy services - 73000000

Location of contract

Any region

Value of contract

£0

Procurement reference

DFERPPU 2018043

Published date

15 August 2018

Closing date

8 September 2018

Contract start date

29 October 2018

Contract end date

22 February 2019

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Department for Education ('DfE') has commenced a programme to sell the English Pre-Browne ('Plan 1') Income Contingent Repayment ("ICR") loan book. These loans were made available to students on university or college higher education courses between September 1998 and September 2012, after which they were replaced (in England and Wales only) with Post-Browne ICR loans.

UK Government Investments ('UKGI') is leading the sale programme on behalf of DfE, with modelling expertise and advice provided by the Government Actuary's Department. DfE launched the sale of the first tranche of the ICR loan book in February 2017, which completed in December 2017.

A forecast model for Plan 1 loans, the Transition based Earnings & Repayment Model ('TERM'), has been developed to support the sale programme. TERM is based on a Markov transition model and projects Plan 1 borrower earnings and repayments on an annual basis. In order to support policy making in higher education, DfE has also developed a student loan repayment model and regularly publishes student loan forecasts.

DfE and UKGI are keen to explore additional avenues that can deepen our understanding and ability to project borrower earnings.

The objective of this research is to explore whether there are innovative methodologies (including statistical, data analytic techniques etc.) that could potentially enhance and/or complement current modelling of earnings and repayment trends of graduate that have an outstanding ICR student loan.

Please note the deadline for EOIs is 5pm, Friday 7th September 2018

More information

Attachments

Additional text

Please note the deadline for EOIs is 5pm, Friday 7th September 2018

EOIs submitted must be no more than 1,500 words overall (excluding CVs). CVs of the key individuals expected to perform the analysis and deliver the outputs should be submitted. Please do not include website links or references. Any EOI responses longer than 1,500 words in total (excluding CVs) will be disregarded. Collaborative EOIs are welcome.

About the buyer

Contact name

Maria Thorpe

Address

2 St Pauls Place
125 Norfolk Street
Sheffield
S1 2FJ
England

Email

maria.thorpe@education.gov.uk