The table below looks at the prevalence of the term Contract for Difference in IT contracts advertised for the 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 23 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
23 Oct 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank 412 417 406
Rank change year-on-year
+5 -11
Contract jobs citing Contract for Difference 3 2 5
As % of all contract IT jobs located in London 0.012% 0.008% 0.021%
As % of the Miscellaneous category 0.034% 0.021% 0.055%
Number of daily rates quoted 3 2 2
Average daily rate
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£375 £463 £613
Average daily rate % change year-on-year
-18.91% -24.48%
90% offered a daily rate of more than £333 £433 £603
10% offered a daily rate of more than £455 £493 £623
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
England

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

Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
8764 9429 9135
As % of all contract IT jobs located in London 35.48% 37.79% 37.76%
Number of daily rates quoted 6117 6633 6300
Average daily rate £450 £450 £463
Average daily rate % change year-on-year
- -2.70%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £645 £625 £625
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.14% -
Number of hourly rates quoted 193 160 224
Average hourly rate £17.00 £19.00 £22.00
Average hourly rate % change year-on-year
-10.52% -13.63%
90% offered a hourly rate of more than £12.50 £13.00 £12.50
10% offered a hourly rate of more than £38.50 £44.75 £45.00
UK excluding London average hourly rate £17.50 £17.69 £21.00
% change year-on-year
-1.07% -15.76%

Contract for Difference
Jobs Demand Trend in London

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

Contract for Difference Jobs Demand Trend in London

Contract for Difference
Daily Rate Trend in London

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

Contract for Difference Daily Rate Trend in London

Contract for Difference
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Contract for Difference across the London region over the 3 months to 23 October 2014.

Contract for Difference Daily Rate Histogram in London

Contract for Difference
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Contract for Difference across the London region.

Contract for Difference Hourly Rate Trend in London

Contract for Difference
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Contract for Difference within the London region over the 3 months to 23 October 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - - - -
Contract for Difference
England

Contract for Difference
Top 14 Related IT Skills in London

For the 6 months to 23 October 2014, IT contractor jobs across the 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 2 (66.67%) Project Management
1 2 (66.67%) Programme Management
2 1 (33.33%) Project Planning
2 1 (33.33%) Spread Betting
2 1 (33.33%) Oracle RAC
2 1 (33.33%) Oracle Database 11g
2 1 (33.33%) Security Cleared
2 1 (33.33%) Red Hat Enterprise Linux
2 1 (33.33%) Oracle Database
2 1 (33.33%) Finance
2 1 (33.33%) Oracle
2 1 (33.33%) Linux
2 1 (33.33%) NetApp
2 1 (33.33%) Red Hat

Contract for Difference
Top Related IT Skills in London by Category

For the 6 months to 23 October 2014, IT contractor jobs across the 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 (33.33%) Oracle Database 11g
1 1 (33.33%) Oracle Database
General
1 1 (33.33%) Finance
Job Titles
1 2 (66.67%) Project Manager
2 1 (33.33%) DBA
2 1 (33.33%) Senior Manager
2 1 (33.33%) Senior Project Manager
2 1 (33.33%) Oracle DBA
Miscellaneous
1 1 (33.33%) Spread Betting
Operating Systems
1 1 (33.33%) Linux
1 1 (33.33%) Red Hat Enterprise Linux
Processes & Methodologies
1 2 (66.67%) Project Management
1 2 (66.67%) Programme Management
2 1 (33.33%) Project Planning
Qualifications
1 1 (33.33%) Security Cleared
System Software
1 1 (33.33%) Oracle RAC
Vendors
1 1 (33.33%) Oracle
1 1 (33.33%) NetApp
1 1 (33.33%) Red Hat