This documents aims to provide consistency of approach and transparency to our sub-contractor fees and charges.
Asset Training and Consultancy Ltd operates as the lead provider where some provision is delivered via a sub-contractor arrangement. All providers, before becoming a sub-contractor must undergo a comprehensive due diligence process, prior to any delivery taking place and are selected on the basis of their track record, type of provision delivered, location and to ensure Asset can effectively respond to employer demand whilst reflecting local priorities. Once sub-contractual arrangements have been agreed a service level agreement is signed by both parties.
The following policy applies to all provision to be subcontracted from the period starting 1st August 2020. This policy along with service level agreements will be reviewed at least annually and can be found on our website – www.assettraining.co.uk
Management fees will be deducted at source, i.e. providers will receive a Contract Value All management fees will have been deducted prior to this allocation. Asset Training will make monthly payments to providers based on correct submission of data and supporting evidence to validate learning.
All funding claims must comply with current Education & Skills Funding Agency (ESFA) funding rules and the terms and conditions of the funding agreement between Asset Training and Sub- contractor. Where funding claims cannot be substantiated, Asset Training will make appropriate deductions from the monthly payment paid to sub-contractor and if appropriate will make repayment to the Education & Skills Funding Agency.
Asset Training and Consultancy Reasons for Sub-Contracting
- To be responsive to employer needs and preference of sub-contractor choice
- To meet Learner needs
- To be responsive to LEP’s
Support Provided for Fees Charged
The management fee charged will range from 15% to 25% depending on the level support required from the sub-contractor. The management fee will be agreed before signing the service level agreement.
The fee charges to be retained by Asset Training for the below list, which is examples and not exhaustive –
- Quality assurance
- Quality improvement
- Performance review
- MIS functions in relation to ESFA data
- Provision of professional advice
- Due diligence, guidance and conducting audit
- Claims and data imputing
- Promotion and marketing
- Bid writing
- Collaborating with local authorities and employers
- Advertising of vacancies on NAS
The board has acknowledged the preference of employers and local authorities and agree the following sub-contractor to be used for new starts and continuation of learning August 2022 – July 2023.
- Elev8 Training
Asset Training holds contracts with local authorities whereby making us their preferred supplier, however, as Asset Training do not deliver training in all vocational areas, the employers have given their decision on who they wish to use, since they currently work with these providers.