Freelance Project Calculator
Free freelance project calculator. Calculate project fees including base fee, contingency amount, profit, and effective daily rate. Essential for freelance pricing strategies.
About This Calculator
Pricing freelance projects correctly is essential for building a sustainable business. This calculator helps you determine the full project fee including labor, expenses, contingency buffer, and profit margin. It also shows your effective daily rate for comparison.
A well-priced project includes adequate contingency for unexpected changes and sufficient profit margin to make the project worthwhile.
Frequently Asked Questions
How to price a freelance project?
Project price = (Scope Hours x Hourly Rate + Expenses) + Contingency + Profit. Contingency 10-20%, profit 15-25%.
What is contingency in project pricing?
A buffer (10-20%) to cover unexpected costs, scope creep, or delays. If unused, it becomes additional profit.
How much profit margin should freelancers add?
15-30% profit margin on top of costs. Without profit margin, you are just trading time for money.
How to calculate effective daily rate?
Effective Daily Rate = Total Project Fee / (Project Hours / 8). Compare to your target daily rate.
What expenses should freelancers include?
Project-specific costs: software, assets, subcontractors, travel, printing, shipping, third-party services.
Should I charge hourly or fixed price?
Hourly for unclear scope, fixed for well-defined projects. Hybrid approach: fixed price with scope boundaries, hourly for changes.