The table below looks at the prevalence of the term TWAP in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited TWAP over the 3 months to 2 July 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
2 Jul 2016
Same period 2015 Same period 2014
Time-Weighted Average Price (TWAP)
Rank - 648 629
Contract jobs citing TWAP 0 1 5
As % of all contract IT jobs located in the UK - 0.002% 0.009%
As % of the Miscellaneous category - 0.006% 0.029%
Number of daily rates quoted 0 1 5
Median daily rate - £650 £650
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
17756 17897 17400
As % of all contract IT jobs located in the UK 33.22% 31.96% 32.30%
Number of daily rates quoted 11469 11143 10625
Median daily rate £425 £420 £400
Median daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £253 £250 £235
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 624 679 714
Median hourly rate £22.00 £18.00 £20.50
Median hourly rate % change year-on-year
+22.22% -12.19%
90% offered a hourly rate of more than £12.49 £12.25 £12.50
10% offered a hourly rate of more than £46.07 £45.00 £42.50
UK excluding London median hourly rate £23.00 £17.50 £21.00
% change year-on-year
+31.42% -16.66%

TWAP
Jobs Demand Trend

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

TWAP Jobs Demand Trend in the UK

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 in the UK