Post Claims Assurance Services by RSM and KPMG for British Business Bank

About

British Business Bank awarded a contract to RSM UK Risk Assurance Services LLP and KPMG LLP for Post Claims Assurance (PCA) Services.

The contract, valued at £7,646,710, was awarded via a mini competition under the Crown Commercial Services (CCS) RM6188 Audit & Assurance Services Framework - Lot 2 External Audit.

The PCA services aim to provide assurance that lenders have claimed in line with the Guarantee Agreement (GA), and/or add to the evidence base, to allow challenge and potential offset or reimbursement of incorrectly made claims.

The PCA project will develop a systematic risk-based process to identify a population of claims settled by the Department for Business and Trade (DBT) under the terms of the GA.