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Request the deadline with politeness and flexibility Using a phrase like "at your earliest convenience" might be good for this section. Try not to use terms like "asap" because this can seem rushed, and the decision maker will likely have lots of other work to do, which might take priority over your email.
Explain why you need this extension (i.e. to cover costs of________ until ________). Itemize and explain any monthly costs and any other additional costs associated with the requested time extension. If there will be no cost change as a result of the additional time requested, say so.
Here's what that email will look like: Dear [Boss, Client, or Co-Worker Name], I'm reaching out because, unfortunately, I won't be able to submit [project] in [number of] hours as promised. I take full responsibility for underestimating how long it would take, and for not reaching out sooner.
I am emailing to request a deadline extension on the market research project. Accessing the correct sources has taken longer than I anticipated, but several vendors informed me that they would get back to me this week. I believe the delay will result in a more accurate and comprehensive report.
I am emailing you to request an extension. Three days ago, I had a severe allergic reaction and was hospitalized. Because of my illness, my problem-solution essay will not be complete by tomorrow's deadline. Half of my draft is finished, and an extension would allow me to finish the essay.