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Freelance Project Pricing Calculator
Turn a task list into a fixed price you can defend. Three-point estimates expose the risk, buffers cover the hours nobody plans for, and fees are grossed up so the number you quote is the number you keep.
Your rate
The rate that actually covers your income, expenses and tax — work it out with the rate calculator.
Hosting, licences, stock assets, API credits, a contractor you bring in.
Scope, estimated three ways
For each piece of work give a best case, a likely case and a worst case in hours. One number per task hides the risk; three expose it.
| Task | Best | Likely | Worst | PERT | |
|---|---|---|---|---|---|
| 8.7 | |||||
| 48.3 | |||||
| 15.3 |
PERT = (best + 4 × likely + worst) ÷ 6
What the estimate always forgets
Kick-off calls, status updates, waiting on assets, chasing feedback, invoicing. Real hours on this project that never appear in a task list.
Two rounds of changes on a build is normal. If your contract does not cap revisions, budget more.
Charge for a compressed deadline. It costs you evenings, other clients, or both.
Razorpay, Stripe, PayPal, wire fees, FX spread.
Quote this fixed price
₹2,50,590
Covers 109 h of work — the 90th-percentile outcome, not the one where everything goes right. You keep ₹2,45,578 after fees.
Expected
94 h
PERT hours
Quoted for
109 h
90% confidence
Effective
₹2,558/h
per hour if on plan
How the price is built
- Task estimates (PERT)
- 72 h
- Admin + revisions (30%)
- + 22 h
- Risk buffer to 90% confidence
- + 15 h
- Hours you are pricing
- 109 h
- 109 h × ₹2,200
- ₹2,40,578
- Pass-through costs
- + ₹5,000
- Grossed up for 2% fees
- + ₹5,012
- Price on the proposal
- ₹2,50,590
What you actually earn per hour
A fixed price is a bet on your estimate. Here is how the bet pays out.
- If it takes 94 h (expected)
- ₹2,558/h
- If it takes 109 h (bad run)
- ₹2,200/h
- If it takes 141 h (scope creep)
- ₹1,706/h
Past 109 h you are working below your floor rate. That line, not the deadline, is what a change-order clause protects.
Milestone schedule
- On signature (40%)
- ₹1,00,236
- At the halfway review (30%)
- ₹75,177
- On delivery (30%)
- ₹75,177
Never let the final payment be the only one that matters. Front-loading the first milestone is what makes a ghosted project survivable.
The average-case price is a coin flip
Pricing the expected 94 h gives ₹2,16,197 — about 16% below the number above. By definition, half of projects with this spread run longer than the expected hours, so half the time that quote loses money. The gap is the insurance premium you are charging for taking the fixed-price risk instead of billing hourly.
How to use Project Pricing Calculator
Start from your hourly floor
The rate that covers your income, expenses and tax — not the number you hope to get away with.
Break the work into tasks
Give each one a best, likely and worst case in hours. The spread is the information.
Add the invisible hours
Meetings, revisions and a rush surcharge if the deadline is compressed.
Quote the 90% number
Then read the effective hourly rate you land on if the project drags, and set your change-order line there.
Frequently Asked Questions
How do you price a fixed-bid freelance project?
Estimate the work in pieces rather than as one number, add the hours nobody puts in a task list — meetings, feedback loops, revisions — then multiply by the hourly rate that actually covers your income, expenses and tax. Finally, gross the total up for platform and payment fees so the amount that lands in your account is the amount you needed. The output is a price you can defend line by line, which is also the price a client is least likely to argue with.
What is a three-point or PERT estimate?
Instead of one number per task you give three: the best case, the likely case and the worst case. The expected duration is (best + 4 × likely + worst) ÷ 6, which weights the likely case four times as heavily as the extremes, and the spread (worst − best) ÷ 6 is treated as a standard deviation. It comes from project management (PERT, built for the Polaris programme in the 1950s) and it works for freelance quoting because it forces you to write down the worst case instead of quietly assuming it will not happen.
Why quote the 90% number instead of the expected hours?
Because "expected" means half of projects run longer. If you price the expected hours, you lose money on roughly every second project of that shape, and the ones that go well only pay you your floor rate — you carry all the risk and get none of the upside. Pricing at 90% confidence means only about one project in ten runs past what you charged for. The difference between the two numbers is the premium you are charging for accepting a fixed price at all; if the client does not want to pay it, offer to bill hourly instead and let them carry the risk.
Should I charge hourly or a fixed price?
Fixed price wins when the scope is genuinely clear and you are faster than average at that kind of work — you keep the efficiency gain instead of billing fewer hours for it. Hourly wins when the scope is vague, the client is unresponsive, or discovery is part of the job, because those are the conditions that make estimates wrong. A useful middle ground is a fixed price for a tightly-defined phase one plus an hourly change-order rate written into the contract for anything outside it.
How much buffer should I add for revisions?
Budget for two rounds of changes on anything creative or client-facing, which lands around 15-25% of build hours, and cap the number of rounds in the contract — the buffer protects you from normal feedback, not from unlimited feedback. Admin and meetings are separate and usually add another 10-20%: kick-off calls, status updates, chasing assets and invoicing are all hours spent on this project that never appear in a task list.
Do I have to add platform fees on top of my price?
Yes, and it is a division, not an addition. Upwork takes 10%, so to keep 100 you must charge 100 ÷ 0.90 = 111.11, not 110. Adding the percentage instead of grossing up leaves you short by the fee on the fee, and the gap widens on Fiverr-style 20% cuts. This calculator does the division for you and shows the fee amount separately so you can see exactly what the platform costs you on this project.
Is this calculator free, and does it store my numbers?
It is free and there is no signup. Every calculation runs in your browser — nothing you type is sent to a server, logged or stored, and nothing is saved when you close the tab. Take a screenshot or copy the figures into your proposal before you leave.
Read next
Freelance Rate Calculator
Work out the hourly floor this calculator starts from — income, expenses, tax and billable hours.
Free Invoice Generator
Turn the milestone schedule into invoices — no signup, downloads as PDF.
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