You have decided to outsource a component of your clinical study, if not your entire clinical program, to a contract research organization (CRO). In other words, you are taking one of the most expensive processes undertaken by your company, a process upon which the future success of your firm is utterly dependant, and giving it to another company to perform.
Given that, it makes sense to put in some effort to ensure the company you hand your clinical trial over to is the best. The cornerstone of this process is the request for proposal (RFP).
Our experience shows that many companies experience challenges effectively selecting the best CRO for their project. However, a few companies have developed effective methods to identify and select CROs based on the value they receive per dollar spent.
We have developed proposals for over $10 million of clinical trial projects. We have seen RFPs that run the range from extremely poor to exceptional. In this manual, we share with you the secrets great companies use to identify and select CROs to manage their clinical studies.
This manual provides detailed instruction in three areas:
* Developing an effective RFP
* Managing the process after you submit the RFP to CROs
* Evaluating proposals to select the best CRO for your unique needs
By using the principles outlined in this manual, you will gain better control over the entire CRO-selection process. The RFPs you write will be more effective in soliciting proposals from bidding CROs that are easy to review and compare against each other. You will learn how to assess each proposal in an objective manner that will allow you to select the CRO that gives you the best value for your money.
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