The table below looks at the prevalence of the term VWAP in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited VWAP over the 3 months to 29 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
29 Jul 2016
Same period 2015 Same period 2014
Volume-Weighted Average Price (VWAP)
Rank - 648 617
Contract jobs citing VWAP 0 1 16
As % of all contract IT jobs located in the UK - 0.002% 0.029%
As % of the Miscellaneous category - 0.005% 0.090%
Number of daily rates quoted 0 0 16
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 - - -

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
18069 18495 17739
As % of all contract IT jobs located in the UK 33.55% 32.39% 32.41%
Number of daily rates quoted 11673 11639 10730
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 £250 £250 £238
10% offered a daily rate of more than £600 £612 £600
UK excluding London median daily rate £385 £375 £350
% change year-on-year
+2.66% +7.14%
Number of hourly rates quoted 639 736 705
Median hourly rate £20.78 £19.00 £20.00
Median hourly rate % change year-on-year
+9.36% -5.00%
90% offered a hourly rate of more than £12.00 £12.25 £12.50
10% offered a hourly rate of more than £46.00 £47.50 £45.00
UK excluding London median hourly rate £21.50 £18.50 £20.50
% change year-on-year
+16.21% -9.75%

VWAP
Jobs Demand Trend

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

VWAP Jobs Demand Trend in the UK

VWAP
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing VWAP within the UK.

VWAP Daily Rate Trend in the UK