Awarded contract

ICR Student Loans Monetisation Project - Legal Services

Details

Value
£500,000
Duration
4 years
Topic
Legal services
Published
23 June 2023

Tender description

This award notice is for the conclusion of a further competition conducted under the Legal Services Panel RM6179. Brief Description of Requirement: Provision of financial legal advisory services to support the Master Servicer Function, overseen by The Department for Education who services the sold student loan portfolio on behalf of investors. Contract Term: Initial contract term is from 4th June 2023 until 16th December 2026 with the option to extend for a further 12 month period.

Timeline

  1. Completed: Award date4 June 2023
  2. Completed: Award published23 June 2023
    Current notice
  3. Next: Contract expiry date16 December 2026in 3 months

About the buyer

The Department for Education is a ministerial department responsible for children's services and education policy in England, procuring both for itself and its executive agencies. Requirements are advertised on the Find a Tender service, published through the department's Jaggaer etendering system. Suppliers awarded a contract must register on the Central Digital Platform. Framework purchases follow the matching Crown Commercial Service terms. Many contracts are let on standard government terms, such as Cabinet Office short-form or model services agreements. Schools and academy trusts buy separately, using framework options the department reviews and approves in advance.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of the Department for Education's contract awards have been in business services, construction work and education and training.

Relevant CPV codes

  • 79100000 · Legal services

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