Contractor Billable Rate Calculator
Estimate a target hourly billable rate from desired annual compensation, overhead, billable hours and profit margin.
Why use this contractor billable rate calculator?
Estimate a target hourly billable rate from desired annual compensation, overhead, billable hours and profit margin. It is intended for scenario planning so you can compare the commercial effect of changing the key assumptions before requesting or reviewing a formal quote.
Example
Start with the example values, replace them with the figures from your own quote, policy, contract or operating plan, then change one assumption at a time to see which input drives the result.
Important note
Use realistic billable utilization and include non-billable time, benefits, software, insurance and administrative overhead.
How to use it
Start with the inputs shown above, review the assumptions or options, then generate the result. Where the tool creates a file, keep the original until you have opened and checked the downloaded output.
Frequently asked questions
Is Contractor Billable Rate Calculator free?
Yes. The core tool is free to use without creating an account.
Do I need an account to use Contractor Billable Rate Calculator?
No. You can use the core Toolbox workflow without signing up.
Does Contractor Billable Rate Calculator work on mobile?
Yes. Toolbox is designed for modern mobile and desktop browsers, although complex file workflows can be easier on a larger screen.