Published date: 30 September 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 6 September 2024, 5pm

Contract summary

Industry

  • Financial management consultancy services - 79412000

Location of contract

CR0 2NA

Value of contract

£200,000

Procurement reference

tender_93232/1397044

Published date

30 September 2024

Closing date

6 September 2024

Closing time

5pm

Contract start date

9 September 2024

Contract end date

7 September 2028

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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.

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).

Award information

Awarded date

6 September 2024

Contract start date

9 September 2024

Contract end date

7 September 2028

Total value of contract

£200,000

This contract was awarded to 1 supplier.

MERCER LIMITED

Address

1 Tower Place West, Tower Place, London, EC3R 5BU

Reference

Companies House number: 00984275

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Renaissance, 12 Dingwell Road
Croydon
CR0 2NA
England

Email

commercialservices@ppf.co.uk