Procurement
[To provide an update on progress made with procurement activities and the appointment of a number of key providers and advisers]
Minutes:
Amy Regler, Head of Operations reported on progress with the programme of work to procure key professional services and advisors, which included the selection of Covenant Advisors, Risk and Investment Advisors, Hybrid Mail provider, and the appointment of investment managers (together with a transition manager) to deliver the Fund’s Sustainable Global Equity Mandate.
The Chair asked how the appointment of a Hybrid Mail provider would affect the current delivery of the Fund’s printing and mailing functions, and the level of interest expressed by local authorities in the contact. The Head of Operations reported that the service was currently delivered in-house and the proposal was for it to be outsourced and to deliver a reduction in overall costs per year. The Fund had engaged with local authorities in the region on their print operations ability and capacity to deliver on the Fund’s requirements. The proposed contract would be for a two-year period with the option to extend the contract for a further two years.
Resolved:
That the progress made with procurement activities and the appointment of a number of key providers and advisers be noted.