High Risk Industry Sponsors
Barb Gardner
(12 Jan 2018 12:17 EST)
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Re: High Risk Industry Sponsors JOANNA FLOYD (12 Jan 2018 12:49 EST)
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Re: High Risk Industry Sponsors
dougm (Doug Mounce)
(12 Jan 2018 12:58 EST)
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Re: High Risk Industry Sponsors JOANNA FLOYD 12 Jan 2018 12:49 EST
Barb, We looked into a Dun & Bradstreet subscription to order credit reports for high risk industry sponsors as part of our vetting process at the proposal stage. The subscription costs were reasonable but given our limited volume of high risk cases, we determined that the subscription costs were not justified and decided to order reports as needed. We do typically require a percentage of the total budget at the time the agreement is executed from all of our industry sponsors but require a higher percentage upfront from risky or unproven sponsors (sponsors from which we may have had difficulty receiving timely payments in the past, sponsors that we know are financially risky, or sponsors that have not sponsored research with us before). We also include clear termination language that we can terminate immediately in the event that payment is not made by the due date. We have not had to use escrow accounts to date. Thanks, JoAnna L. Floyd Director, Office of Industry Contracts Clemson University, Division of Research xxxxxx@clemson.edu This email and any attachments may contain confidential information or information intended only for use by the addressee. If you receive this message in error, please notify the sender immediately. Anyone other than addressee is strictly prohibited from duplicating, disseminating, or distributing this message or its contents. -----Original Message----- From: Research Administration List [mailto:xxxxxx@lists.healthresearch.org] On Behalf Of Barb Gardner Sent: Friday, January 12, 2018 12:18 PM To: xxxxxx@lists.healthresearch.org Subject: [RESADM-L] High Risk Industry Sponsors Hello: We are wondering if any institutions regularly assess industry sponsors and if so, what additional terms you require for medium or high risk entities? For example: do you require advanced payments? If the Sponsor will not agree to advanced payments, have any of you successfully used escrow accounts? Please feel free to respond offline if you want. Regards, Barb Gardner Associate Director, Research Administration Tufts University xxxxxx@tufts.edu = = = = = = 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 https://urldefense.proofpoint.com/v2/url?u=http-3A__www.healthresearch.org&d=DwIDaQ&c=Ngd-ta5yRYsqeUsEDgxhcqsYYY1Xs5ogLxWPA_2Wlc4&r=Q5KSUE3eWEgCbkxUjow5u25Nd_unPH5UKWl9YOdM46s&m=yapoDXFJ5qWRHYop01WmZxy8VQdi4-4RFLmC4zDDmTM&s=WUBdSBKqOEeTApG45jadF8z5MtDaF9eQo-cySmRfhdA&e= (click on the "RESADM-L" link under "Sponsored Programs"). A link directly to helpful tips: https://urldefense.proofpoint.com/v2/url?u=http-3A__tinyurl.com_resadm-2Dl-2Dhelp&d=DwIDaQ&c=Ngd-ta5yRYsqeUsEDgxhcqsYYY1Xs5ogLxWPA_2Wlc4&r=Q5KSUE3eWEgCbkxUjow5u25Nd_unPH5UKWl9YOdM46s&m=yapoDXFJ5qWRHYop01WmZxy8VQdi4-4RFLmC4zDDmTM&s=izVhYHqMVix7Bqxcu95UrkhoMltNtTtYZBvUF8KjLCM&e= = = = = = = = = = = = = 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.healthresearch.org (click on the "RESADM-L" link under "Sponsored Programs"). A link directly to helpful tips: http://tinyurl.com/resadm-l-help = = = = = =