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

Department for Education
Selective procedure
23 May 2025 to 22 September 2031

The contract requires annual delivery of two workstreams: an Assumptions AUP report covering Transition Matrices and Payment Adjustment Factors, and a Model Audit report for complex financial models used to forecast student loan cashflows. The audit must assess methodological changes, analytical review of the TERM model's reaction to economic variations, and the Liabilities Module. The work supports the Secretary of State's responsibilities as Master Servicer for sold student loan agreements.

Open the official notice

Awarded value: £719k; As published
Published: 17 June 2025; Contracts Finder
Awarded: 23 May 2025; BDO
Contract length: 76 months; Ends 22 September 2031

What the buyer is asking for

Provision of specialist financial audit and assurance services for complex student loan cashflow forecasting models and compliance reporting.

Category: Auditing services

Lifecycle

Publishedon Contracts Finder
17 June 2025
Contract awardedto BDO
23 May 2025
Contract starts
23 May 2025
Contract ends
22 September 2031

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The buyer

Type: Other public body
Financial modelling contracts, 24 months: 1
Open financial modelling tenders: 0
Typical financial modelling contract: £719k

See everything Department for Education buys →

How it compares

11.1× the typical financial modelling contract (£65k).

Cite this contract

Link: https://bidskim.com/tender/3344/audit-and-assurance-services-for-income-contingent-repayment-student-loans-monet
Buyer reference: tender_434864/1488284
Open contracting ID: ocds-b5fd17-02a348cb-af11-41c9-87f6-706da399acad
Source: Contracts Finder
Last checked: 12 October 2026

Department for Education. Audit and Assurance Services for Income Contingent Repayment Student Loans Monetisation Programme. Contract award, 17 June 2025. BidSkim, https://bidskim.com/tender/3344/audit-and-assurance-services-for-income-contingent-repayment-student-loans-monet (accessed 12 October 2026).