ABSTRACT
Since consultants, by de„nition, provide professional services to clients, there must be a contractual relationship between the consultant and client for work to proceed. It is useful to think of a standard consulting contract as having three parts: a scope of work, a schedule, and a budget. The scope of work de„nes the tasks that the consultant will provide to the client. The schedule includes interim as well as „nal benchmarks in the completion of the scope of work. The budget describes the compensation that the consultant will receive for its services. All three pieces are interrelated, as described next.
