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 31 October 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
31 Oct 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank - 224 -
Contract jobs citing Contract for Difference 0 1 0
As % of all contract IT jobs located in the City of London - 0.014% -
As % of the Miscellaneous category - 0.037% -
Number of daily rates quoted 0 1 0
Average daily rate
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- £425 -
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
2091 2727 2632
As % of all contract IT jobs located in the City of London 34.71% 37.91% 37.75%
Number of daily rates quoted 1578 2064 1960
Average daily rate £466 £475 £500
Average daily rate % change year-on-year
-2.00% -5.00%
90% offered a daily rate of more than £284 £300 £275
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £355 £350 £350
% change year-on-year
+1.42% -
Number of hourly rates quoted 34 47 65
Average hourly rate £15.75 £20.00 £22.50
Average hourly rate % change year-on-year
-21.25% -11.11%
90% offered a hourly rate of more than £10.50 £14.69 £12.50
10% offered a hourly rate of more than £22.00 £41.53 £39.80
UK excluding London average hourly rate £17.00 £18.00 £21.00
% change year-on-year
-5.55% -14.28%

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