ODD Support

Contract Timeline

Publication Date

30th September 2024 15:28:59 PM

Contract Summary

At present, the Operational Due Diligence (ODD) team within the PPF has dedicated individuals within the team to assess external Fund Managers prior to funding but there is currently no backup / contingency should additional resources be required or an individual leave. To avoid a situation whereby internal activities are effectively held up by a support function (due to a lack of resource), the ODD team need to appoint a back-up ODD service provider Support is required in the following two ways: 1. As a backup/contingency ODD service provider in the unlikely situation that the ODD cannot be staffed internally & 2. To provide ODD coverage in long-haul jurisdictions where the PPF have single Manger exposure. Volumes are anticipated to be particularly low with the successful supplier being used on an ad-hoc basis. When required, the supplier will be commissioned to undertake an in-person, deep-dive ODD assessment on a third-party investment Manager selected by the PPF. The expectation is that Mercer Sentinel will be able to produce a comprehensive ODD report (Operational Risk Assessment) within a 6-8-week timeframe (from the point of initial contact with the selected Manager).

Contract Details

Open Contracting ID

ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Selective

Procurement Method Details

Call-off From A Framework Agreement

Procurement Category

Services

Tender Suitability

Framework / DPS

Framework

Contract Classification

CPV Code(s)

79412000

CPV Division(s)

79 - Business services: law, marketing, consulting, recruitment, printing and security

Awarding Authority

PENSION PROTECTION FUND

Buyer Name

Buyer Email

commercialservices@ppf.co.uk

Buyer Phone

Buyer Address

Renaissance, 12 Dingwell Road

Croydon

CR0 2NA

England

Awarded Supplier(s)

Supplier Name(s)

MERCER LIMITED