Budget Development & Negotiation

Industry sponsors will provide a draft budget for a clinical study, but this cannot be accepted without the draft budget being analyzed against an internal budget. All costs necessary to conduct the study - including salaries, procedures, services, supplies and indirect costs - should be considered when determining the study's budgeted amount. While there is no specified format for an internal budget, it should provide sufficient information to assess whether the costs of the study will be covered. Our team of experienced research administrators can negotiate your study budgets directly with sponsors, review existing budgets, and obtain current Banner research pricing to ensure that your department receives appropriate compensation for the study.