As a freelancer, you can lower your rate on a contract, but only the client can raise it. However, you can request a rate increase from your client.
Note on exceptions:
- If you are an agency member, you can’t see or change contract rates and will need to contact an agency manager
- If a contract has a scheduled rate increase, you will not be able to change the rate until that increase is in place
Lower your rate on an hourly contract
- Go to Your active contracts and select the contract name
- Under Contract details, choose the pencil icon next to the current rate
- Enter your new rate
The existing contract will continue, and the new rate will take effect immediately on future logged hours. Hours you have already logged will be paid at the previous rate. We will update it on your work history to reflect the new rate.
Changing a fixed-price contract
For fixed-price contracts, the client isn’t locked into a certain rate. The client can add or adjust milestones that aren’t active yet as needed, as long as they keep a $5 minimum. For currently active milestones, you can request a change and the client can decide whether to approve, but the client cannot change the amount unless you request it.