---
title: "ODD Support"
ocid: "ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PENSION PROTECTION FUND"
published: "2024-09-30"
---

# ODD Support

Buyer: PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d.json)

## Summary

The Pension Protection Fund (PPF) has completed the procurement process titled "ODD Support," classified under "Financial management consultancy services" (CPV 79412000). This award notice, published on 30th September 2024, pertains to the appointment of Mercer Limited as a back-up Operational Due Diligence (ODD) service provider. The procurement followed a selective method, specifically a call-off from a framework agreement, with the contract running from 9th September 2024 to 7th September 2028. The total value of the contract is £200,000, and the services are required to support PPF's ODD team primarily in Croydon, South East, United Kingdom.

This tender creates significant opportunities for businesses specialising in financial management consultancy, especially those capable of conducting in-depth ODD assessments within a 6-8 week time frame. While the requirement for services is anticipated to be low and on an ad-hoc basis, it provides an opportunity for large-scale consultancy firms with expertise in financial risk assessment and global jurisdictional experience. Mercer Limited, a well-established firm in this area, has been identified as the successful supplier, showcasing the demand for well-resourced, large consultancies in supporting governmental financial oversight activities.

## Notice

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).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cff8def3-7f57-4206-8d50-ddeec7d0e22c |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 Sep 2024 |
| Submission deadline | 6 Sep 2024 |
| Future notice date | Not specified |
| Award date | 5 Sep 2024 |
| Contract period | 8 Sep 2024 - 7 Sep 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £200,000 |
| Lots value | Not specified |
| Awards value | £200,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MERCER |

## CPV Codes

### Divisions

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

### Codes

- 79412000 - Financial management consultancy services

## Release History

- 30 Sep 2024 at 15:28 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cff8def3-7f57-4206-8d50-ddeec7d0e22c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/cff8def3-7f57-4206-8d50-ddeec7d0e22c
  30th September 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-21030228-ec17-422e-bf98-7bfb78e1086d.json.