Pretty common occurrence, still annoying! This is why when you find a coder or designer who consistently delivers projects on deadline and within the initial budget, you keep them in the fold and treat them well!
So many programmers and/or artists out there who are extremely talented - like the dude your describing - but lack professionalism and don't consistently deliver what they promised, for what they promised it for. Just not worth the energy dealing with them. You might say "That's an awesome programmer to get to know" but it gets old quick.
Like beaner sez, go maybe 25% higher and get the shit wrapped up. But for the next one I'd look elsewhere.
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