The table below looks at the statistics for knowledge and experience of Mercator products and/or services 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 Mercator over the 3 months to 24 December 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Mercator Software, Inc.

Location
3 months to
24 Dec 2014
Same period 2013 Same period 2012
Mercator
Rank - - 196
Contract jobs citing Mercator 0 0 4
As % of all contract IT jobs located in the City of London - - 0.067%
As % of the Vendors category - - 0.15%
Number of daily rates quoted 0 0 1
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- - £500
UK excluding London average daily rate £450 £400 £450
% change year-on-year
+12.50% -11.11%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Mercator
London

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

Vendors Category
City of London
Contract IT job ads with a match in the
Vendors category
2420 2953 2584
As % of all contract IT jobs located in the City of London 43.29% 44.41% 43.09%
Number of daily rates quoted 1792 2108 1854
Average daily rate £420 £425 £425
Average daily rate % change year-on-year
-1.17% -
90% offered a daily rate of more than £240 £263 £250
10% offered a daily rate of more than £575 £613 £600
UK excluding London average daily rate £365 £350 £350
% change year-on-year
+4.28% -
Number of hourly rates quoted 62 73 79
Average hourly rate £17.87 £20.00 £21.00
Average hourly rate % change year-on-year
-10.67% -4.76%
90% offered a hourly rate of more than £11.93 £12.50 £14.19
10% offered a hourly rate of more than £22.78 £30.83 £45.00
UK excluding London average hourly rate £17.50 £17.00 £19.00
% change year-on-year
+2.94% -10.52%

Mercator
Jobs Demand Trend in the City of London

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

Mercator Jobs Demand Trend in the City of London

Mercator
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 Mercator across the City of London region.

Mercator Daily Rate Trend in the City of London