Portfolio Analysis and Order Management System

The contract is awarded for a period of 3 years with extensions on the same terms and conditions at the PPF's option of up to 7 years, the maximum duration of the Contract will therefore be 10 years. The PPF requires an integrated system that will interface with the PPF's and its third parties' systems and software.

The PPF is a continuously developing business within a changing market and it is envisaged that there will be a future requirement for further components, modules or packages within the investment management area, such as Risk, Performance Measurement and Treasury including bespoke developments within the system which are reserved for the PPF's use only. It is fully envisaged that these components and modules will be developed over the life of the contract not only to reflect changes in the market, but also the Board's strategy, including, but not limited to, changes in approach to the amount of investment business retained or brought in-house, the nature and size of the Board's assets and liabilities and the Board's approach to risk and return.

This may require additional components and modules not currently listed, or development of the Services themselves or existing services provided to the Board which support or are supported by these Services. It is further envisaged that additional software, including licences, may need to be developed to enhance the Services, to increase efficiency and streamline the Services, to increase the availability of the Services in line with changes in the market, anticipated changes to the Board's strategy over the life of the contract and changes in the nature and size of the Board's assets and liabilities or to develop other services that support or are supported by these Services.

These additional services, systems, software and licences may result in price revision of the original contract and/or may significantly increase the fees paid in relation to these Services over the life of the contract. The Board makes no guarantee as to the nature and extent of such additional services, systems, software or licences.