Refine the Call-off Terms and Conditions

The Call-off Terms and Conditions documents were agreed with Providers when setting up the National LGPS Framework for Global Custody Services Framework.

Areas highlighted in yellow along with drafting notes within this document need to be reviewed and completed by you. Your updated version of the Call-Off Terms and Conditions must be issued to Providers with your Invitation to Further Competition, or as part of your Direct Award.

Priority Areas for Review

The areas which you need to review as a priority are:

Insurance and liability levels to ensure they are adequate for your local requirements.

Additional Variations

You must outline any additional variations to the agreed Call-Off Terms and Conditions. These may include refinements to address specific circumstances that could not be anticipated when the Framework was established, subject to procurement law constraints.

Consider whether alternative clauses are needed to reflect the legal requirements of Scottish or Northern Irish jurisdictions. You should also ensure that insurance and liability levels are appropriate for your local needs.