The first table below looks at the prevalence of the term TWAP in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited TWAP over the 3 months to 20 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the London region.

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
20 May 2013
Same period 2012 Same period 2011
Time-Weighted Average Price (TWAP)
Rank - - 429
Contract jobs citing TWAP 0 0 5
As % of all contract IT jobs located in London - - 0.016%
As % of the Miscellaneous category - - 0.043%
Number of daily rates quoted 0 0 3
Average daily rate - - £700
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
7183 8631 11636
As % of all contract IT jobs located in London 33.11% 32.14% 37.93%
Number of daily rates quoted 4988 5866 7862
Average daily rate £475 £475 £550
Average daily rate % change year-on-year
- -13.63%
90% offered a daily rate of more than £275 £283 £325
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £350 £343 £340
% change year-on-year
+2.18% +0.73%
Number of hourly rates quoted 164 207 196
Average hourly rate £24.00 £22.50 £20.25
Average hourly rate % change year-on-year
+6.66% +11.11%
90% offered a hourly rate of more than £15.00 £13.50 £11.00
10% offered a hourly rate of more than £54.00 £52.50 £50.00
UK excluding London average hourly rate £22.50 £24.50 £27.00
% change year-on-year
-8.16% -9.25%
TWAP
England

TWAP
Jobs Demand Trend

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

London TWAP Jobs Demand Trend

TWAP
Daily Rate Trend

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

London TWAP Daily Rate Trend