“An external team of budget professionals will review the proposed budget to provide information to CIRM regarding how the proposed costs compare with established market rates for similar activities (or how well the costs are justified when market rates are not established).
“When a proposed budget differs significantly from market rates, adjustments to the budget will be required by CIRM prior to further review of the application. Applicants will be notified of the specific discrepancies and applications will not be forwarded for scientific review until an amended budget has been submitted and approved by CIRM.”
“Integrium does not have experience in providing the type of service required in the RFP. However, we have many years of experience in which we have internally reviewed budgets that we prepared for our clients.”
It appears to have offered to review each application’s budget for $2,740 each.
“Amarex has experience in conducting budget negotiations for services across all types of clinical sites, and knows what appropriate market rates are. Our clients are both privately funded, and government funded, so we are also aware of the difference in budgeting requirements for both types of clients.”
“CIRM anticipates selecting multiple budget review firms pursuant to this RFP and will alternate work among them based on relative expertise in specific areas, timelines, and the avoidance of potential conflicts of interest.”
“The (budget review) firm must be free from actual conflicts of interest not only at the time of selection, but also throughout the term of the contract.”
“We wouldn't be where we are today without you.”
“The consultant affirms that to the best of his/her knowledge there exists no actual or potential conflict between the consultant's family, business or financial interest and the services provided under this Agreement, and in the event of change in either private interests or service under this Agreement, any question regarding possible conflict of interest which may arise as a result of such change will be raised with CIRM.”
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