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 cited TWAP over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.
| 6 months to 1 May 2025 |
Same period 2024 | Same period 2023 | |
|---|---|---|---|
| Rank | 512 | - | 717 |
| Rank change year-on-year | - | - | +135 |
| Contract jobs citing TWAP | 8 | 0 | 1 |
| As % of all contract jobs advertised in the UK | 0.027% | - | 0.002% |
| As % of the Miscellaneous category | 0.080% | - | 0.005% |
| Number of daily rates quoted | 6 | 0 | 1 |
| 10th Percentile | £529 | - | - |
| 25th Percentile | £584 | - | - |
| Median daily rate (50th Percentile) | £763 | - | £750 |
| Median % change year-on-year | - | - | -16.67% |
| 75th Percentile | £881 | - | - |
| 90th Percentile | £913 | - | - |
| UK excluding London median daily rate | - | - | - |
All Generic Skills
UK
TWAP falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills.
| Contract vacancies with a requirement for generic IT skills | 9,944 | 13,250 | 19,897 |
| As % of all contract IT jobs advertised in the UK | 33.97% | 30.42% | 33.34% |
| Number of daily rates quoted | 6,345 | 8,502 | 13,668 |
| 10th Percentile | £300 | £263 | £308 |
| 25th Percentile | £413 | £413 | £450 |
| Median daily rate (50th Percentile) | £525 | £538 | £550 |
| Median % change year-on-year | -2.33% | -2.27% | - |
| 75th Percentile | £650 | £660 | £680 |
| 90th Percentile | £775 | £788 | £800 |
| UK excluding London median daily rate | £496 | £500 | £500 |
| % change year-on-year | -0.80% | - | +5.26% |
| Number of hourly rates quoted | 394 | 912 | 640 |
| 10th Percentile | £16.46 | £12.25 | £9.80 |
| 25th Percentile | £21.00 | £15.17 | £10.63 |
| Median hourly rate | £32.05 | £30.00 | £22.49 |
| Median % change year-on-year | +6.83% | +33.42% | -18.24% |
| 75th Percentile | £63.75 | £60.75 | £65.00 |
| 90th Percentile | £82.99 | £70.00 | £75.00 |
| UK excluding London median hourly rate | £31.08 | £28.25 | £22.00 |
| % change year-on-year | +10.02% | +28.41% | +9.64% |
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.
TWAP
Daily Rate Histogram
Daily rate distribution for jobs citing TWAP over the 6 months to 1 May 2025.
TWAP
Top 3 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TWAP within the UK over the 6 months to 1 May 2025. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.
| Location | Rank Change on Same Period Last Year |
Matching Contract IT Job Ads |
Median Daily Rate Past 6 Months |
Median Daily Rate % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| London | - | 8 | £763 | - | 1 |
| England | - | 8 | £763 | - | 1 |
| Work from Home | - | 1 | £775 | - |
TWAP
Co-occurring Skills and Capabilities by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories: