About the Freelance Project Rate Calculator
Fixed-price projects are safer to quote when you start from hours and rate, then protect yourself with a buffer for scope creep. This tool builds a quote and suggests a deposit to collect up front.
How it’s calculated
Quote = estimated hours × hourly rate × (1 + buffer%). Deposit = quote × deposit%.
Example calculation
40 hours at $95 with a 15% buffer suggests a $4,370 quote; a 30% deposit is about $1,311.
Frequently asked questions
Why add a buffer?
Projects almost always take longer than the first estimate. A 10–20% buffer covers revisions and scope creep so overruns don't erase your profit.
Should I take a deposit?
For most fixed-price work, yes — a deposit (often 25–50%) secures the commitment and protects your cash flow before you begin.
This tool provides estimates for general informational and educational purposes only. Results are based on the values you enter and standard formulas, and may not reflect your specific circumstances.