Re: Accounting for Clinical Trials Herbert B. Chermside 31 Oct 2003 16:38 EST
EXACTLY! There are good reasons for fixed price/fixed unit price agreements other than clinical trials in some circumstances, particularly research with for-profit sponsors. Projects of this nature are less likely to draw UBIT attention than clinical trials. But consistent "surpluses" always "smell" like UBIT. Chuck At 03:55 PM 10/31/2003, you wrote: >** High Priority ** > >Plus you get into UBI and here comes the IRS. > >Mary Spijkerman > > >>> xxxxxx@VCU.EDU 10/31/03 02:04PM >>> >Yes, "you know it when you see it". A look at the actual charges will >usually pretty clearly indicate if the PI has failed to charge to this >project costs that reasonably apply to it. A big giveaway is no PI effort, >or way too little effort. You have to watch out for the researcher who >charged real costs of this project somewhere else, in order to build up a >nest egg. Your policy of who gets the surplus and how it may be used might >affect people's behavior in this arena. > >And carefully consider if the project was agreed to at less than full F&A; >if so, you may want a policy that takes the F&A difference off the residual >before making it available for other research and education uses. > >Having a little surplus indicates good, conservative budgeting. Having >lots, especially if it is consistent, suggests making a "profit", which a >non-profit should not consistently do. > >Chuck > > >At 02:05 PM 10/31/2003, Doug Wilkerson wrote: > >How much Residual is too much??? After your PI certifies that he/she has > >paid all internal and external bills (and you verify this however you can) > >and you have a "release" from the sponsoring company saying that they are > >satisfied that you have delivered everything that you promised, what > >percentage of the revenues would you expect (and be comfortable with) > >being left in the study account? Is 10% OK? How about 30%? How about > >70%? OR, is too much like pornography "you know it when you see it"? > > > > > > > > > >Doug Wilkerson, Ph.D. Phone: (419) 383-4252 > >Assoc. Vice Pres. for Research Fax: (419) 383-4262 > >Professor of Pharmacology E-mail: xxxxxx@mco.edu > >Research & Grants Admin. Web: www.mco.edu/research > >Block Health Sci. Bldg., Rm. 148 > >3035 Arlington Ave. > >Toledo, OH 43614-5804 > > > > > >====================================================================== > > Instructions on how to use the RESADM-L Mailing List, including > > subscription information and a web-searchable archive, are available > > via our web site at http://www.hrinet.org (click on "Listserv Lists") > >====================================================================== > >Herbert B. Chermside, CRA >Director, Sponsored Programs Administration >Virginia Commonwealth University >PO BOX 980568 >Richmond, VA 23298-0568 >Express Delivery Only: > Biotech One, Suite 113 > Virginia Biotechnology Research Park > 800 East Leigh Street > Richmond, VA 23219 >Voice: 804-828-6772 >Fax 804-828-2521 >OFFICE e-mail xxxxxx@VCU.EDU >Personal e-mail xxxxxx@vcu.edu >http://www.research.vcu.edu/ospa.htm > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") >====================================================================== Herbert B. Chermside, CRA Director, Sponsored Programs Administration Virginia Commonwealth University PO BOX 980568 Richmond, VA 23298-0568 Express Delivery Only: Biotech One, Suite 113 Virginia Biotechnology Research Park 800 East Leigh Street Richmond, VA 23219 Voice: 804-828-6772 Fax 804-828-2521 OFFICE e-mail xxxxxx@VCU.EDU Personal e-mail xxxxxx@vcu.edu http://www.research.vcu.edu/ospa.htm ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================