The first table below looks at the prevalence of the term TWAP in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited TWAP over the 3 months to 24 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.

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
24 May 2013
Same period 2012 Same period 2011
Time-Weighted Average Price (TWAP)
Rank - - 579
Contract jobs citing TWAP 0 0 5
As % of all contract IT jobs located in the UK - - 0.008%
As % of the Miscellaneous category - - 0.029%
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
UK
Contract IT job ads with a match in the
Miscellaneous category
12308 14298 17184
As % of all contract IT jobs located in the UK 26.53% 24.52% 28.15%
Number of daily rates quoted 7390 8376 10196
Average daily rate £425 £425 £525
Average daily rate % change year-on-year
- -19.04%
90% offered a daily rate of more than £245 £250 £275
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 536 662 725
Average hourly rate £22.50 £22.50 £23.36
Average hourly rate % change year-on-year
- -3.68%
90% offered a hourly rate of more than £12.50 £12.50 £11.25
10% offered a hourly rate of more than £44.15 £45.00 £42.10
UK excluding London average hourly rate £22.50 £22.50 £26.00
% change year-on-year
- -13.46%

TWAP
Jobs Demand Trend

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

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 within the UK.

TWAP Daily Rate Trend