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Professional services and consultants can be an expensive drain on companies, but there are some simple rules to getting the most value for the cheapest price.

The professional services industries in Australia are enormous, employing around 400,000 people. The combined revenue of accountants, lawyers, IT and business process consultants, consulting engineers, management consultants and advertising agencies exceeds $80 billion each year. That, of course, is $80 billion of costs to businesses and governments.

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