Published date: 30 November 2016

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 18 November 2016

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Accounting and auditing services - 79210000

Location of contract

Any region

Value of contract

£0 to £40,000

Procurement reference

UK SBS PS16174 Prospectus checking for Student Loans/2

Published date

30 November 2016

Closing date

18 November 2016

Contract start date

24 November 2016

Contract end date

31 March 2017

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

***CLOSING TIME FOR BIDS IS 18/11/2016 at 14:00 HOURS. DO NOT APPLY DIRECTLY TO THE BUYER*** The aim of this tender is to source an independent party to conduct an audit into the Student Loans prospectus. This will provide Government and its Joint Lead Managers with confidence that the financial information within the Prospectus does not contain material errors and has been audited by a third party.

The selected party will be required to provide a report of the AUPs and an ICMA comfort letter.

This tender is to contract an independent party to, in accordance with International Standard on Related Services (ISRS) 4400 'Engagement to Perform Agreed Upon Procedures Regarding Financial Information", perform an audit of the financial information presented in the Prospectus.

The work will be completed in the following two phases. The draft red Prospectus will be prepared based on the then-available data and AuPs will be performed on this draft in December 2016, prior to the launch of any transaction. During February 2016, the stratification tables quoted in the draft red Prospectus will be updated using the final data extract for the black Prospectus (please note that the additional tables, market data and the WAL data will not be updated between the red and black Prospectus). The ICMA letter will be provided on the final black Prospectus

More information

Previous notice about this procurement

UK SBS PS16174 Prospectus checking for Student Loans

  • Opportunity
  • Published 9 November 2016

Attachments

Additional text

As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements.

If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so.

Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Expressionofinterest@crowncommercial.gov.uk.

Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done.

The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder.

As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information.

For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

Award information

Awarded date

25 November 2016

Contract start date

30 November 2016

Contract end date

31 March 2017

Total value of contract

£33,250

This contract was awarded to 1 supplier.

Ernst & Young LLP

Address

1 More London
London
SE1 2AF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

North Star House
North Star Avenue
Swindon
SN1 1FF
England

Email

Professionalservices@uksbs.co.uk