ODD Support

A Contract Award Notice
by PENSION PROTECTION FUND

Source
Contracts Finder
Type
Contract (Services)
Duration
4 year
Value
£200K
Sector
BUSINESS
Published
30 Sep 2024
Delivery
09 Sep 2024 to 07 Sep 2028
Deadline
06 Sep 2024 16:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

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.

Award Detail

1 Mercer (London)
  • Value: £200,000

CPV Codes

  • 79412000 - Financial management consultancy services

Other Information

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).

Reference

Domains