UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D
                               (Amendment No. 2)

                   Under the Securities Exchange Act of 1934

                           ERESEARCH TECHNOLOGY, INC.
                               -----------------
                                (Name of Issuer)

                                  Common Stock
                         -----------------------------
                         (Title of Class of Securities)

                                  29481V108
                                  ---------
                                (CUSIP Number)

                               Gregory D. Hitchan
                         Blum Capital Partners, L.P.
                       909 Montgomery Street, Suite 400
                           San Francisco, CA 94133
                                (415) 434-1111
                                --------------
               (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)

                                 April 26, 2005
                                 --------------
           (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to 
report the acquisition which is the subject of this Schedule 13D, and is 
filing this schedule because of Rule 13d-1(b)(3) or (4), check the 
following box [ ].

*The remainder of this cover page shall be filled out for a reporting 
person's initial filing on this form with respect to the subject class of 
securities, and for any subsequent amendment containing information which 
would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not 
be deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of 
that section of the Act but shall be subject to all other provisions of 
the Act (however, see the Notes).

                                   Page 1 of 9







CUSIP NO. 29481V108            SCHEDULE 13D                     Page 2 of 9

------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                      BLUM CAPITAL PARTNERS, L.P.

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3205364
------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
------------------------------------------------------------------------------
 3.  SEC USE ONLY

------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                               See Item 3

------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        7,499,990**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   7,499,990**

------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  7,499,990**

------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                14.9%**

------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                           PN, IA

------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!








CUSIP NO. 29481V108            SCHEDULE 13D                     Page 3 of 9

------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, INC.

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-2967812
------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
------------------------------------------------------------------------------
 3.  SEC USE ONLY

------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                               See Item 3

------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        7,499,990**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   7,499,990**

------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  7,499,990**

------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                14.9%**

------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                               CO

------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!








CUSIP NO. 29481V108            SCHEDULE 13D                     Page 4 of 9


-----------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                    BLUM STRATEGIC GP II, L.L.C.

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON              94-3395150
-----------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [x]
                                                                      (b) [x]
-----------------------------------------------------------------------------
 3.  SEC USE ONLY

-----------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                              See Item 3

-----------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                       [ ]
-----------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                            Delaware

-----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                 -0-

   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                       7,499,990**
   BENEFICIALLY
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                            -0-

                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                  7,499,990**

-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,499,990**

-----------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                       [ ]
-----------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)               14.9%**

-----------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                  OO (Limited Liability Company)

-----------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!







CUSIP NO. 29481V108            SCHEDULE 13D                     Page 5 of 9

------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                                  RICHARD C. BLUM

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
------------------------------------------------------------------------------
 3.  SEC USE ONLY

------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                               See Item 3

------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                               U.S.A.

------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                        7,499,990**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                   7,499,990**

------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  7,499,990**

------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                14.9%**

------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                               IN

------------------------------------------------------------------------------
** See Item 5 below

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP NO. 29481V108            SCHEDULE 13D                     Page 6 of 9

Item 1.  Security and Issuer
----------------------------

This Amendment No. 2 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on March 
24, 2005 by Blum Capital Partners, L.P., a California limited partnership 
("Blum L.P."); Richard C. Blum & Associates, Inc., a California corporation 
("RCBA Inc."); Blum Strategic GP II, L.L.C., a Delaware limited liability 
company ("Blum GP II"); and Richard C. Blum, the Chairman and a substantial 
shareholder of RCBA Inc. and a managing member of Blum GP II (collectively, 
the "Reporting Persons").  This amendment relates to shares of common stock, 
$.01 par value (the "Common Stock") of eResearch Technology, Inc., a Delaware
corporation (the "Issuer").  The principal executive office and mailing 
address of the Issuer is 30 South 17th Street, Philadelphia, 
Pennsylvania 19103.  The following amendments to the Schedule 13D are 
hereby made.  Unless otherwise defined herein, all capitalized terms 
shall have the meanings ascribed to them in the Schedule 13D. 

Item 4.  Purpose of the Transaction
-----------------------------------

Item 4 of Schedule 13D is hereby amended as follows:

Pursuant to the terms of a letter agreement, dated April 26, 2005 
(the "Letter Agreement"), between Blum L.P. and the Issuer, the Issuer 
consented to the acquisition by Blum L.P. or its affiliates of shares 
of the Issuer's Common Stock which would result in Blum L.P. becoming an 
"interested stockholder" within the meaning of Section 203 of the Delaware 
General Corporation Law ("DGCL").  The purpose of the Letter Agreement 
was to render the limitations set forth in Section 203(a) of the DGCL 
inapplicable to Blum L.P. As a condition to such consent, Blum L.P. 
agreed not to acquire or seek to acquire 20% or more of the Issuers' 
outstanding Common Stock without the prior written consent of the Issuers' 
Board of Directors.  

The information set forth in this Item 4 is qualified in its entirety 
by reference to the Letter Agreement, attached hereto as Exhibit B, 
and is incorporated by reference herein in its entirety.

Item 5.  Interest in Securities of the Issuer
---------------------------------------------

(a), (b) According to the Issuer's most recent Form 10-Q, there 
were 50,486,403 shares of Common Stock issued and outstanding as of 
March 31, 2005.  Based on such information, the Reporting Persons report 
beneficial ownership of the following shares of Common Stock: 
(i) 5,471,690 shares of Common Stock held by Blum L.P. and RCBA Inc. 
on behalf of the limited partnerships for which Blum L.P. serves as the 
general partner, or on behalf of an entity for which Blum L.P. serves as 
investment advisor, which represents 10.9% of the outstanding shares of 
the Common Stock; (ii) 1,672,900 shares of the Common Stock held by 
Blum GP II on behalf of the limited partnership for which it serves as the 
general partner and on behalf 





CUSIP NO. 29481V108            SCHEDULE 13D                     Page 7 of 9


of the limited partnership for which it serves as the managing limited 
partner, which represents 3.3% of the outstanding shares of the Common 
Stock; and (iii) 177,700 shares of the Common Stock that are legally 
owned by The Nuclear Decommissioning Trust of Dominion Nuclear 
Connecticut, Inc. ("Dominion Connecticut") and 177,700 shares of the 
Common Stock that are legally owned by Virginia Electric and Power Company 
Qualified Nuclear Decommissioning Trust ("Virginia Electric") (collectively, 
the "Investment Advisory Clients"), with respect to which Blum L.P. has 
voting and investment power.  Each Investment Advisory Client has entered 
into an investment management agreement with Blum L.P., but neither 
Investment Advisory Client has any contract, arrangement or understanding 
with the other Investment Advisory Client, or any other Reporting Person, 
with respect to the acquisition, ownership, disposition or voting of any 
shares of the Common Stock.  Each Investment Advisory Client disclaims 
membership in a group with any Reporting Person or with the other 
Investment Advisory Client, and each disclaims beneficial ownership of 
any shares beneficially owned by the Reporting Persons other than for 
their own account.

Voting and investment power concerning the above shares are held solely 
by Blum L.P. and Blum GP II.  The Reporting Persons therefore may be 
deemed to be members in a group, in which case the group would be deemed 
to have beneficial ownership of an aggregate of 7,499,990 shares of the 
Common Stock, which is 14.9% of the outstanding Common Stock.  As the 
sole general partner of Blum L.P., RCBA Inc. is deemed the beneficial 
owner of the securities over which Blum L.P. has voting and investment 
power.  As Chairman, director and a substantial shareholder of RCBA Inc., 
Richard C. Blum might be deemed to be the beneficial owner of the 
securities beneficially owned by RCBA Inc.  Additionally, Mr. Blum may 
be deemed to be the beneficial owner of the securities over which 
Blum GP II has voting and investment power. 

Although Mr. Blum is joining in this Schedule as a Reporting Person, 
the filing of this Schedule shall not be construed as an admission that 
he, or any of the other shareholders, directors or executive officers of 
RCBA Inc., managing members and members of Blum GP II, is, for any 
purpose, the beneficial owner of any of the securities that are 
beneficially owned by RCBA Inc. or Blum GP II.

(c), (d) and (e)  Not applicable.

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
         to Securities of the Issuer
-----------------------------------------------------------------------------

Item 6 to Schedule 13D is hereby amended as follows:

As described in Item 4 above, Blum L.P. and the Issuer entered into a 
Letter Agreement on April 26, 2005, pursuant to which, the Issuer 
consented to the acquisition by Blum L.P. or its affiliates of shares 
of the Issuer's Common Stock which would result in Blum L.P. becoming 
an "interested stockholder" within the meaning of Section 203 of the DGCL.  
As a condition to such consent, Blum L.P. agreed not to acquire 

CUSIP NO. 29481V108            SCHEDULE 13D                    Page 8 of 9


or seek to acquire 20% or more of the Issuers' outstanding Common Stock 
without the prior written consent of the Issuers' Board of Directors.

The information set forth in this Item 6 is qualified in its entirety 
by reference to the Letter Agreement, attached hereto as Exhibit B, 
and is incorporated by reference herein in its entirety.


Item 7.  Material to be Filed as Exhibits
-----------------------------------------
Exhibit A Joint Filing Undertaking.
Exhibit B Letter Agreement.





CUSIP NO. 29481V108            SCHEDULE 13D                    Page 9 of 9

                                  SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the 
undersigned certify that the information set forth in this statement is true, 
complete and correct.


Dated:  May 6, 2005

RICHARD C. BLUM & ASSOCIATES, INC.    BLUM CAPITAL PARTNERS, L.P.
                                      By: Richard C. Blum & Associates, Inc.
                                          its general partner



By: /s/ Gregory D. Hitchan            By: /s/ Gregory D. Hitchan
    -------------------------------      -----------------------------------
    Gregory D. Hitchan                    Gregory D. Hitchan
    General Counsel and Secretary         General Counsel and Secretary 
     



BLUM STRATEGIC GP II, L.L.C.            RICHARD C. BLUM
                                      
                                      
                                      

By: /s/ Gregory D. Hitchan              By:  /s/ Gregory D. Hitchan
     -------------------------------    ------------------------------------
     Gregory D. Hitchan                 Gregory D. Hitchan, Attorney-in-Fact
     General Counsel









CUSIP NO. 29481V108             SCHEDULE 13D                    Page 1 of 1

                                   Exhibit A
                           JOINT FILING UNDERTAKING

The undersigned, being duly authorized thereunto, hereby execute this 
agreement as an exhibit to this Schedule 13D to evidence the agreement of the 
below-named parties, in accordance with the rules promulgated pursuant to the 
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of 
each such party.

Dated:  May 6, 2005

RICHARD C. BLUM & ASSOCIATES, INC.    BLUM CAPITAL PARTNERS, L.P.
                                      By: Richard C. Blum & Associates, Inc.
                                          its general partner



By: /s/ Gregory D. Hitchan            By: /s/ Gregory D. Hitchan
    -------------------------------      -----------------------------------
    Gregory D. Hitchan                    Gregory D. Hitchan
    General Counsel and Secretary         General Counsel and Secretary



BLUM STRATEGIC GP II, L.L.C.          RICHARD C. BLUM
                                      
                                      

By: /s/ Gregory D. Hitchan            By:  /s/ Gregory D. Hitchan
     -------------------------------  -------------------------------------
     Gregory D. Hitchan               Gregory D. Hitchan, Attorney-in-Fact
     General Counsel 






CUSIP NO. 29481V108             SCHEDULE 13D                    Page 1 of 2

                                  Exhibit B
                               LETTER AGREEMENT



April 26, 2005


Blum Capital Partners, L.P.
909 Montgomery Street
San Francisco, CA  94133
Attn:  Mr. John H. Park, Partner

Dear John:


     At the meeting held earlier today following our 2005 Annual 
Stockholders' meeting, our Board of Directors adopted a resolution 
approving the transaction by which Blum Capital Partners, L.P. or 
its affiliates (collectively, "Blum") first acquires shares of our 
common stock which results in Blum becoming an "interested stockholder" 
within the meaning of Section 203 of the Delaware General Corporation Law 
(the "GCL").  The purpose of the Board's adoption of this resolution 
was to render the limitations set forth in Section 203(a) of 
the GCL inapplicable to Blum pursuant to Section 203(a)(1) thereof.

     The approval of the Board was conditioned upon Blum agreeing 
that, without the Board's prior written consent, Blum will not 
acquire or agree, offer, seek or propose to acquire ownership, 
including, without limitation, beneficial ownership as defined in 
Rule 13d-3 under the Securities Exchange Act of 1934, as amended, 
or any rights or options to acquire such ownership, whether from 
third parties or otherwise, of shares of our common stock that 
would result in Blum owning 20% or more of our outstanding common 
stock or, if we were to issue shares of any other class or series 
of capital stock, 20% or more of our total outstanding capital stock, 
provided, that the restrictions contained in this paragraph shall 
cease to apply upon the earliest of (a) the date on which we enter 
into an agreement that, if consummated, would result in a Change of 
Control; (b) the consummation of a Change of Control; (c) the date on 
which the Board otherwise approves and recommends that our stockholders 
accept a transaction that, if consummated, would result in a Change of 
Control; or (d) such time as Blum owns less than 10% of our outstanding 
capital stock.  For purposes of this letter, the term "Change of Control" 
shall mean (i) a merger, consolidation or other business combination or 
transaction to which we are a party if the shares of our voting stock 
outstanding immediately prior to the effective date of such transaction 
do not represent (or the shares of voting stock into which they are 
converted or exchanged pursuant to such transaction do not represent) 
50% or more of the voting power of the surviving corporation (or its 
parent corporation) following such transaction; (ii) an acquisition by 
any person (other than Blum) of our voting stock representing 30% or 
more of our voting power following such acquisition; (iii) a sale of 
all or substantially all of our assets to any person (other than Blum); 
or (iv) a liquidation or dissolution of us.

CUSIP NO. 29481V108             SCHEDULE 13D                    Page 2 of 2


     As you are aware, at the same meeting, you were elected to fill 
a vacancy created by the Board's decision to increase the number of 
directors to nine.  Under our bylaws and the GCL, you are included in 
the class of directors that was elected at this year's annual meeting, 
and thus your term extends until the 2008 annual meeting.  However, in 
view of the proximity of your election to this year's annual meeting, the 
Board has determined to submit your election by the Board to the stockholders 
for their ratification at the 2006 annual meeting.  If the stockholders do 
not ratify your election at next year's meeting, you will resign as a director 
immediately following that meeting.

     If you and Blum agree to the foregoing conditions, please so indicate 
by signing where indicated below and returning a fully executed copy of this 
letter to my attention.

     Thank you for your continued interest in and support of our company.

                                 Sincerely,


                                 /s/ Joseph A. Esposito
                                 Joseph A. Esposito,
                                 President and Chief Executive Officer

Accepted and agreed to this
26th day of April, 2005:

Blum Capital Partners, L.P.


By: /s/ John H. Park
    John H. Park, 
    Partner