How to Calculate Your Freelance Project Price (With Formula & Contingency)
Learn the exact mathematical framework to price freelance projects accurately, incorporating base labor, third-party direct expenses, and contingency buffers.
- •Never price projects based solely on raw estimated hours multiplied by your hourly rate.
- •Contingency buffers (15% to 25%) are not optional bonuses; they absorb unexpected revision cycles and discovery gaps.
- •Direct expenses (subcontractors, software licenses, asset libraries) must be itemized before calculating margins.