NIHR has launched new interactive costing tool for life sciences industry

The National Institute for Health Research (NIHR) has announced the launch of a web-base interactive Costing Tool (iCT), superseding the Excel-based version of the industry costing templates.

The iCT is now available as a module within the NIHR Central Portfolio Management System (CPMS).

The new tool will bring major improvements with regards to:

  • user interface and usability
  • system reliability
  • device compatibility
  • improved audit funcionality
  • resource sharing

According to the NIHR the new tool will bring major improvements with regards to:

“The iCT identifies resources required to deliver each specific study in the NHS (including NHS trusts, primary care organisations and specialist research locations like Clinical Research Facilities), to which a standardised costing methodology is applied, to provide a price estimate for the commercial company. A negotiation follows with each participating site until both parties reach an agreement, which is then included in the site contract to undertake the study.”

The iCT is creating a pathway to a new single review process for all commercial studies.

NIHR have published a guidance on what is needed to use the system, the documentation available and referencing for the data sources.

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Published on 16. May 2019 in News, News UK