Fees
The professional fees should be a fair reflection of the value of the work performed for the client,taking into account:
(a)The skill and knowledge required for the type of work involved.
(b)The level of training and experience of the person necessarily engaged in the work.
(c)The time necessarily occupied by each person engaged in the work.
(d)The degree of responsibility and urgency that the work entails.
All above is to avoid undercutting which could lead to a compromise or lower of the professional standards.
However,there are exception where are member may charge a charitable bodies and non-profit organisation low professional fees or no fees at all provided there is no elements of any inducement to secure professional work by such action.
Special fees by regular clients,staff,retiring person,wodow,etc. is exempted from the above restriction.
Generally is to discourage the payment or acceptance commission (for a referral) in their dealing as such practice may lead to a compromise in ethical and professional standards.
No comments:
Post a Comment