What it does
When you need a fixed project number instead of hourly billing, this tool turns your time estimate into a quote while keeping room for scope changes and margin.
Freelance Rates
Project Rate Calculator
Turn your hours, hourly target, overhead, and revision buffer into a project quote you can send with confidence.
Base labor value$6,600.00
Subtotal before margin$7,150.00
Suggested project rate$10,027.44
Effective hourly rate$167.12
30% deposit example$3,008.23
How the math works
Base labor value = estimated hours x target hourly rate. Buffered subtotal = (base labor value + project overhead) x (1 + revision buffer). Suggested project rate = buffered subtotal / (1 - target margin).
Try it with real numbers
- A 60-hour scope at $110 per hour is not just $6,600 once project overhead, revision buffer, and target margin are factored in.
- Fixed project pricing works better when you turn scope uncertainty into a visible buffer before the quote goes out.
Good to know
- A planning tool for fixed-scope pricing — not a substitute for a proper scope document or contract.
- If revisions are poorly defined, increase the buffer or move the engagement to a retainer or change-order structure.
- Use a quote generator or proposal workflow once you have the commercial number.