The table below looks at the prevalence of the term TWAP in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited TWAP over the 3 months to 27 May 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
27 May 2016
Same period 2015 Same period 2014
Time-Weighted Average Price (TWAP)
Rank - 420 -
Contract jobs citing TWAP 0 3 0
As % of all contract IT jobs located in London - 0.013% -
As % of the Miscellaneous category - 0.037% -
Number of daily rates quoted 0 1 0
Median daily rate - £650 -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
TWAP
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
8049 8088 8570
As % of all contract IT jobs located in London 36.49% 36.28% 37.78%
Number of daily rates quoted 5745 5552 6023
Median daily rate £475 £463 £450
Median daily rate % change year-on-year
+2.70% +2.77%
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £650 £640 £650
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 112 138 154
Median hourly rate £21.17 £18.00 £20.00
Median hourly rate % change year-on-year
+17.61% -10.00%
90% offered a hourly rate of more than £12.50 £13.50 £14.00
10% offered a hourly rate of more than £55.00 £40.00 £42.55
UK excluding London median hourly rate £21.50 £18.00 £20.50
% change year-on-year
+19.44% -12.19%

TWAP
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing TWAP as a proportion of all IT contracts with a match in the Miscellaneous category.

TWAP Jobs Demand Trend in London

TWAP
Daily Rate Trend in London

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

TWAP Daily Rate Trend in London