ODD Support
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits in the upper-middle of the Business Services band — a substantial contract for the sector. Based on 57,319 valued Business Services tenders in our corpus.
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).
What the notice asks for
At present, the Operational Due Diligence (ODD)
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
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
Support is required in the following two ways:.
To provide ODD coverage in long-haul jurisdictions
To provide ODD coverage in long-haul jurisdictions where the PPF have single Manger exposure.
The expectation is that Mercer Sentinel
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).
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
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- OCID
- cff8def3-7f57-4206-8d50-ddeec7d0e22c
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- tender_93232/1397044
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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