Time-Weighted Average Price (TWAP)
UK
The table below looks at the prevalence of the term TWAP in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited TWAP over the 6 months to 25 April 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 25 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | - | 721 | 828 |
| Rank change year-on-year | - | +107 | -149 |
| Contract jobs citing TWAP | 0 | 1 | 3 |
| As % of all contract jobs advertised in the UK | - | 0.002% | 0.003% |
| As % of the Miscellaneous category | - | 0.005% | 0.010% |
| Number of daily rates quoted | 0 | 1 | 2 |
| Median daily rate (50th Percentile) | - | £750 | £900 |
| Median % change year-on-year | - | -16.67% | +24.14% |
| UK excluding London median daily rate | - | - | - |
All Generic Skills
UK
TWAP is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.
| Contract vacancies with a requirement for generic IT skills | 13,278 | 19,990 | 29,229 |
| As % of all contract IT jobs advertised in the UK | 30.43% | 33.30% | 32.99% |
| Number of daily rates quoted | 8,514 | 13,733 | 20,382 |
| 10th Percentile | £263 | £306 | £313 |
| 25th Percentile | £413 | £450 | £430 |
| Median daily rate (50th Percentile) | £538 | £550 | £550 |
| Median % change year-on-year | -2.27% | - | +10.00% |
| 75th Percentile | £653 | £680 | £650 |
| 90th Percentile | £788 | £800 | £750 |
| UK excluding London median daily rate | £500 | £500 | £475 |
| % change year-on-year | - | +5.26% | +11.76% |
| Number of hourly rates quoted | 907 | 658 | 728 |
| 10th Percentile | £12.25 | £9.80 | £13.89 |
| 25th Percentile | £15.17 | £10.75 | £16.94 |
| Median hourly rate | £29.00 | £22.49 | £27.00 |
| Median % change year-on-year | +28.93% | -16.69% | +3.85% |
| 75th Percentile | £60.00 | £64.50 | £49.75 |
| 90th Percentile | £70.00 | £75.00 | £66.00 |
| UK excluding London median hourly rate | £27.50 | £22.00 | £20.00 |
| % change year-on-year | +25.00% | +10.00% | -16.67% |
TWAP
Job Vacancy Trend
Job postings citing TWAP as a proportion of all IT jobs advertised.
TWAP
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing TWAP.