How is the project fee calculated?
Labor cost is each activity’s hours multiplied by its hourly cost. Add your other project costs, then divide the total by one minus your target margin.
Fee = total cost ÷ (1 − margin ÷ 100)
For example, $6,300 of costs at a 30% target margin needs a $9,000 fee. The calculated fee is rounded up to the next cent. The headline and scenario amounts are then rounded to whole currency units, except amounts below one unit; calculations, the detailed breakdown and printout retain cents. In “Project fee” mode, profit is your fee minus included costs, and margin is profit divided by the fee.
What should I include in the hourly cost?
Use the cost of the person or people doing the work, including employment costs where relevant. You can use an average weighted by each person’s estimated hours, or separate activities for different roles. Include your own time, even if you don’t pay yourself an hourly wage.
If your rate already includes overhead, don’t add the same overhead again under other costs. A zero cost means you have deliberately included no labor cost for that activity.
Is margin the same as markup?
No. Margin is profit as a share of the fee. Markup is the amount added to cost. Adding 30% to a $1,000 cost gives a $1,300 fee and a margin of about 23%. To reach a 30% margin, the fee needs to be $1,428.58.
Can I use this for any kind of project?
Use it for fixed-fee client work where time and costs help you assess the price. Enter one total for a quick estimate, or name activities to suit your work. It calculates the economics of your assumptions; it doesn’t predict the hours required or the price a client will accept.
Use one currency throughout. Changing the currency changes the labels, not the exchange rate. All amounts exclude tax.
Where do my figures go?
Your inputs and calculations stay in your browser. No account or file upload is needed, and Fini does not save your estimate. Choose Print / Save PDF to keep a copy before leaving or refreshing the page.
The printout includes your activity budget, pricing assumptions and scenario comparison. It includes internal costs and profit, so review it before sharing it with a client.