Freelance Project Bid Calculator

Calculate a competitive project bid that covers your costs and desired profit.

Estimated Project Hours

Target Hourly Rate ($)

Direct Project Expenses ($)

Scope Creep Buffer (%)

Desired Profit Margin (%)

Revision Rounds Included

Estimated Hours Per Revision

Calculate project pricing based on the value delivered to the client.

Expected Client Revenue/Savings ($)

Value Capture Percentage (%)

Estimated Hours

Minimum Hourly Rate ($)

Formula

Bid = (Estimated Hours + Revision Hours) x (1 + Buffer%) x Hourly Rate + Expenses + Profit Margin. Value Price = Client Expected Value x Value Capture %.

Frequently Asked Questions

How do I determine my freelance hourly rate?

Start with your desired annual salary, add 25-30% for taxes and benefits, then divide by billable hours (typically 1,000-1,500/year). For example: ($80,000 + 30%) / 1,200 hours = $87/hour. Adjust based on market rates and your experience level.

Should I bid fixed-price or hourly?

Fixed-price bids work well for well-defined projects with clear scope. Hourly billing is better for ongoing work or projects with uncertain scope. Always include a scope creep buffer (15-25%) in fixed-price bids.

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