Budget Negotiation

After required study documents are submitted to RMG CT Intake Team, your study will be assigned Clinical Trial Research Process Manager (CTRPM) to negotiate the budget for the study.

Your CTRMG team takes a collaborative approach to negotiating budgets. With this approach, a successful budget reduces any financial risk while also considering the sponsor’s budget parameters. Often budget approval requires support documentation for justification and/or escalation by CRO to sponsor or within the sponsor’s management.

We take time to ensure we agree on the best possible budget. It is equally important to build trust and a good reputation with sponsors.

For most industry-sponsored clinical studies, we negotiate a fixed-price per subject payment schedule with additional invoiced items.

Per subject payments are based on:

• best estimate of research personnel effort required
• standardized estimate of hospital costs

Negotiating the best possible CTA budget requires preparation. Information you provide to your CTRPM is critical to effectively and efficiently negotiate budget.