The table below looks at the prevalence of the term Contract for Difference in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 28 August 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
28 Aug 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank - 216 216
Contract jobs citing Contract for Difference 0 3 8
As % of all contract IT jobs located in the City of London - 0.041% 0.10%
As % of the Miscellaneous category - 0.13% 0.32%
Number of daily rates quoted 0 3 6
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- £500 £425
Average daily rate % change year-on-year
- +17.64%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Contract for Difference
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the City of London region.

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1712 2343 2532
As % of all contract IT jobs located in the City of London 29.43% 32.33% 32.40%
Number of daily rates quoted 1198 1716 1909
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £304 £300 £300
10% offered a daily rate of more than £650 £638 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 41 61 58
Average hourly rate £18.18 £19.50 £20.00
Average hourly rate % change year-on-year
-6.75% -2.50%
90% offered a hourly rate of more than £12.50 £14.85 £12.50
10% offered a hourly rate of more than £36.50 £44.15 £32.50
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

Contract for Difference
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Contract for Difference across the City of London region as a proportion of the total demand within the Miscellaneous category.

Contract for Difference Jobs Demand Trend in the City of London

Contract for Difference
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Contract for Difference across the City of London region.

Contract for Difference Daily Rate Trend in the City of London

Contract for Difference
Top 10 Related IT Skills in the City of London

For the 6 months to 28 August 2014, IT contractor jobs across the City of London region citing Contract for Difference also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Contract for Difference.

1 1 (100.00%) Oracle
1 1 (100.00%) Linux
1 1 (100.00%) NetApp
1 1 (100.00%) Red Hat
1 1 (100.00%) Finance
1 1 (100.00%) Spread Betting
1 1 (100.00%) Oracle RAC
1 1 (100.00%) Oracle Database 11g
1 1 (100.00%) Red Hat Enterprise Linux
1 1 (100.00%) Oracle Database

Contract for Difference
Top Related IT Skills in the City of London by Category

For the 6 months to 28 August 2014, IT contractor jobs across the City of London region citing Contract for Difference also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Contract for Difference. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (100.00%) Oracle Database 11g
1 1 (100.00%) Oracle Database
General
1 1 (100.00%) Finance
Job Titles
1 1 (100.00%) DBA
1 1 (100.00%) Oracle DBA
Miscellaneous
1 1 (100.00%) Spread Betting
Operating Systems
1 1 (100.00%) Linux
1 1 (100.00%) Red Hat Enterprise Linux
System Software
1 1 (100.00%) Oracle RAC
Vendors
1 1 (100.00%) Oracle
1 1 (100.00%) NetApp
1 1 (100.00%) Red Hat