Professional services

Professional services

Professional services are infrequent, technical, or unique functions performed by independent contractors or consultants whose occupation is the rendering of such services. Examples of professional services contracts include: accountants, actuaries, appraisers, archaeologists, architects, attorneys, brokerage firms, business consultants, business development managers, copywriters, engineers, law firms, physicians, performing artists, pet groomers, public relations professionals, recruiters, researchers, real estate brokers, translators and web designers. While not limited to licentiates (individuals holding professional licenses), the services are considered "professional" and the contract may run to partnerships, firms, or corporations as well as to individuals.

The selection of an independent contractor or consultant providing professional services is usually based on skill, knowledge, reputation, ethics, and creativity. Prices for services, even within the same field, vary greatly. Some professional service providers are able to give fixed rates for projects, while others define the price only after assessing the work involved. For this reason, it is common to hire professionals based upon an hourly fee and an estimated length of project (scope).

In the past, independent contractors for professional services were located and hired by various means, including recommendation and directories (e.g. yellow pages). The popularity of the Internet has led to a new crop of professional services sites that allow independent contractors to offer their services to a larger audience, while allowing individuals or companies to find professionals quickly and easily.

The term "Professional Services" is also used frequently by corporations such as banks and retailers that offer infrequent or ongoing services for their customers.

See also

* Big Four auditors
* Freelancer


* [,2340,en_2825_495698_35858776_1_1_1_1,00.html Indicators of regulatory conditions in the professional services] (OECD)
* [ Better Regulation of Professional Services] (EU)
* [ Professional Service Providers]
* [ SkillStorm]

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • professional services — Services rendered in a professional capacity …   Ballentine's law dictionary

  • Professional services automation software — Professional Services Automation (frequently abbreviated to PSA) is software designed for professional services organizations, such as consultants and IT services organizations.PSA software is used to manage the delivery of client projects, and… …   Wikipedia

  • Professional Services Automation — (PSA) концепция автоматизации профессиональной деятельности компаний, занятых в сфере услуг, адвокатских, юридических, консалтинговых, аудиторских, инжиниринговых и т. д. Типичная PSA система позволяет добиться более эффективного планирования… …   Википедия

  • Professional Services Firms — Der Begriff Professional Services Firm bzw. Freiberufsdienstleister bezeichnet ein Unternehmen, das wissensintensive Dienstleistungen für Kundenunternehmen erstellt. Damit sind Freiberufsdienstleister ein Ergebnis des Trends zur Wissens und… …   Deutsch Wikipedia

  • Multidisciplinary professional services networks — are organizations formed by law, accounting and other professional services firms to offer clients new multidisciplinary approaches solving increasingly complex issues. They are a type of professional services network which operates to provide… …   Wikipedia

  • Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… …   Wikipedia

  • Professional Engineer — (P.E.) is the term for registered or licensed engineers in some countries who are permitted to offer their professional services directly to the public. The term Professional Engineer and the actual practice of professional engineering is legally …   Wikipedia

  • Professional Chemist — is the term for registered or licensed chemists in Canada who are permitted to offer their professional services directly to the public. The Professional Chemist designation is commonly abbreviated to P.Chem. when added as a suffix after a… …   Wikipedia

  • Professional open-source — is a business model that many open source software vendors are attempting to follow. The model partners what is perceived as free open source software with paid professional services. History As open source software began to become popular in the …   Wikipedia

  • professional corporation — n a corporation organized by one or more licensed individuals (as a doctor, dentist, or physical therapist) esp. for the purpose of providing professional services and obtaining tax advantages abbr. PC …   Medical dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.