Budget Development and Negotiation

Indirect Costs and Budgets

What

FACTS Office – Budget Development & Negotiation Services

The Financial Administration of Clinical Trials Services (FACTS) office provides investigators the option of using their budget development and negotiation services for industry sponsored clinical trials. FACTS will incorporate their fees into the budget and charge sponsors for these costs.

Develop and Negotiate Your Own Budget

If the research team chooses to develop and negotiate their own budgets, please consult with your research administrator for department specific resources and fees. In addition, see the tools listed below to assist researchers with budget development and negotiation.

Tools

Budgeting Guidelines

FACTS – Refer to the section entitled “Budgets” for the following:

  • Budget Development Tips
  • Budget Templates
  • Budget Negotiations Presentation
    • Budget Negotiations for Industry Clinical Trials
    • Industry Sponsored Device Trials

Institutional Fees

Service Fee
Clinical Research Unit (CRU) Fee Schedule
Facilities and Administrative (F&A) Costs Fees
FACTS 2023 FACTS Fees
Investigational Drug Service IDS Information Sheet
ISMMS IRB Fees Refer to the section entitled Information for Sponsored Research
Room Rates Research Overnight rates 2023

Research Fee Schedule Contacts

Department Contact
Anesthesiology James Leader
BioMedical Engineering and Imaging Institute (BMEII) BMEII Director
Biorepository and Pathology CoRE Rachel Brody, MD, PhD
Cardiology Debra Fitzpatrick
Dermatology Giselle Singer
Hospital Fees Inna Bender
Medicine Divisions Michele Cohen
Neurophysiology Lab Mary-Catherine George
Ophthalmology Harriet Lloyd
Pathology, Molecular and Cell-Based Medicine
Clinical Labs
Beverly Cooper; Clinical Labs Price List
Pathology, Molecular and Cell-Based Medicine
Transfusion Medicine and Cellular Therapy Laboratory
Jeffrey Jhang, MD
Transplant Brandy Haydel
Translation Fees Language Assistance Program (LAP)

Recruitment

Address recruitment and retention challenges early on; earmark funds during budget development/negotiation. For more information, refer to Recruitment and Retention.

How

To use FACTS Budget Development and Negotiation services, email FACTS@mssm.edu or call (646) 605-7251.

When you submit your contract through MediTract (FACTS), you will be asked to indicate who will be negotiating the budget. If the study team chooses to negotiate the budget, the FACTS office will reach out to the study team to obtain the final negotiated budget.

When

Budget development and negotiation should occur concurrently with contract negotiations and IRB submission.

Biomedical Research Alliance of New York (BRANY)

BRANY is a research consortium owned by several New York metropolitan area institutions, including the Icahn School of Medicine. BRANY offers a variety of services, including:

  • IRB review
  • Budget negotiation and  contracting for multisite studies
  • Monitoring services for  investigator initiated studies
  • Medicare Coverage Analysis (MCA)

To use BRANY services, please email FACTS@mssm.edu for more details and for the fee schedule.

Research 411 Portal

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