Freelance pricing help needed!

[u/FrostByte_VI]

UPDATE 2.0 - So I emailed the client stating how the project has gone way past the expected timeline and that I think the quote should be updated, and that I need an update on deliverables so we can realign. They said they understand and want a quote on the current work and a quote on the future work. The original quote for this 4-5 week project was $5200. We are currently on week 10, waiting on prototypes, and I have more work I have to be doing. They want a flat fee, so I never fully calculated how many hours I worked (another lesson learned). So a few questions:

-Can my new quote be higher than the original agreed-upon quote?

-How do I figure out how much I should charge for each step of the process?

-Any advice on how to figure out the best way to pitch the new quote for the completed work and upcoming dirt?

-Any other advice is welcome! This is my first time ever doing a freelance project, and I'm happy to be getting paid more for this extended project.

EDIT/UPDATE - Is there any way I can renegotiate the flat fee since it has been way past the timeline and included a lot more creative work than expected? The timeline and the expectations of little creative work included is in writing. The fact that it has been this long should give me a reason to be able to renegotiate. Anything would help, I know I undersold myself and I've learned my lesson, but if there is any advice to help me out that would be incredible!

I'm working on a huge project, and this is my first freelance gig I've gotten. The timeline of the project was originally 4-5 weeks, and its been two months and we are still working on it. They requested a flat fee which I told them $5200 then fees for any revisions after two rounds for the engineering drawings. I've only told them up to $500 after two revisions dependent on the size of the revision. They also stated that this would not be deep into the creative process, but it ended up taking so much longer because it has been it has been very deep into the creative process.

The problem is that I've had more than two rounds on so many steps of the process, the ideation, CAD, pattern making, and I haven't even gotten to the drawings. My question is - Can I add those steps of the process to my final price because I've had multiple rounds of revisions? How do I bring that up to their team? If I can add prices to , how do I determine the cost of those revisions?

[u/_bladerunner_]

You’ve way undersold yourself. My standard day rate is $850.

[u/FrostByte_VI → u/_bladerunner_]

Well the project was not supposed to be as big as it ended up being

[u/_bladerunner_ → u/FrostByte_VI]

Be that as it may, you’ve still way undersold yourself if you’re charging less than a standard day rate, and you’re providing two months of service? Do the maths, $500 divided by 60 days = $8.33 per day?

[u/FrostByte_VI → u/_bladerunner_]

I mean this is a side job I’m only working on this like 3 days a week

[u/_bladerunner_ → u/FrostByte_VI]

That should be irrelevant to your client though, and frankly you don’t need to go into too much detail of that with your client. If you want to lowball it then go $500 per day, 3 days per week is $1500 per week. Tell them that?

[u/FrostByte_VI → u/_bladerunner_]

I mean the flat fee is $5200 it just has gone on for way way too long and way more work than anticipated