Budget

Once participation and prices are agreed, the trial budget can be prepared. Based on the flow chart in the study protocol, Inven2 sets up a customized budget template which is sent to the Principal Investigator (PI).

The PI is responsible for preparing the budget based on the submitted template from Inven2. The budget should include:

Estimation of time spent by study personnel for each study visit, as well as for other study tasks such as startup activities
For national coordinating investigator (NC), estimated time spent preparing Ethics Committee (REK) application and subject information / informed consent form
Prices of procedures to be performed by service departments (e.g. lab, radiology, pathology, etc.)

Pharmacy services should not be included in the hospital's budget template. The hospital pharmacies (Sykehusapotekene HF) is a separate health enterprise which requires an individual contract. This is also handled by Inven2.

Completed budget template should be sent to Inven2 with a copy to relevant persons in the hospital (department head, financial manager, etc.)

Inven2 uses the budget as basis for price negotiations with the sponsor.

Feel free to contact Inven2 or Regional Research Support if you need help filling out budget templates and estimating time spent.