Department for Education · Awarded contract
Awarded

Audit and Assurance Services for Income Contingent Repayment Student Loans Monetisation Programme

Awarded 22 May 2025

View live tenders
Awarded22 May 2025
Value£719,075.00
SupplierBDO LLP
AgencyDepartment for Education
RegionUnited Kingdom
CategoryConsultancy & Legal
Expires in 4y 11mo6y 4mo term, 23% elapsed
Awarded 22 May 2025Expires 21 Sept 2031

About

Department for Education awarded a contract to BDO LLP for audit and assurance services related to the Income Contingent Repayment Student Loans Monetisation Programme.

The contract, valued at AUD 719,075, covers two annual workstreams: an Assumptions AUP Report auditing Transition Matrices and Payment Adjustment Factors, and a Model Audit Report per sale auditing the financial model forecasting student loan cashflows, including methodological changes and analytical review.

The agreement runs from 23 May 2025 to 22 September 2031, with break clauses on 31 January 2026 and 30 September 2028.

It was procured via the Crown Commercial Service's Audit & Assurance Services framework (RM6188), Lot 4.

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