Award

ODD Support

PENSION PROTECTION FUND

  • 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