Christopher Hess

What are “indirects costs” and why are they so high ? These are the institutional costs that allow the research to be conducted across all studies like: Utilities like heat, AC, water, electricity, phone & internet costs Facilities costs like rent, costs of the building and its upkeep, remodeling, painting, new carpet, desks, furniture, lab equipment, IT costs or cloud services Personnel costs like finance, legal, support staff, housekeeping, administrative costs, IT services, data security, security officers, front desk, quality assurance, compliance, and human resources Service contracts on stuff like xerox machines We are self-insured and faced a 27% increase in premiums this year, we put away money for our employees for their 401K plan, we reimburse for their tuition expenses, there are very very large cybersecurity expenses, there are liability costs, there are expenses related to ensuring privacy law compliance by outside entities It’s an expensive enterprise and differs from other businesses in the costs of equipment and IT cybersecurity costs