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 contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 28 September 2016 with a comparison to the same period over 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.

3 months to
28 Sep 2016
Same period 2015 Same period 2014
Contract for Difference (CFD)
Rank - 183 -
Contract jobs citing Contract for Difference 0 5 0
As % of all contract IT jobs located in the City of London - 0.11% -
As % of the Miscellaneous category - 0.27% -
Number of daily rates quoted 0 5 0
Median daily rate - £635 -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1403 1827 2138
As % of all contract IT jobs located in the City of London 40.86% 38.96% 36.87%
Number of daily rates quoted 1096 1443 1538
Median daily rate £475 £475 £470
Median daily rate % change year-on-year
- +1.06%
90% offered a daily rate of more than £315 £295 £300
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 10 30 54
Median hourly rate £17.25 £17.98 £18.50
Median hourly rate % change year-on-year
-4.06% -2.81%
90% offered a hourly rate of more than £12.50 £12.00 £12.10
10% offered a hourly rate of more than £45.25 £25.00 £33.65
UK excluding London median hourly rate £21.00 £18.52 £17.50
% change year-on-year
+13.39% +5.82%

Contract for Difference
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Contract for Difference as a proportion of all IT contracts with a match in 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