:: Contingency Program
Contingency.. what is it?
In short contingency means an eventuality.. a possibility. In a contingency Program, suppliers reward teams that use their products.
The idea is simple and brilliant. After all, what company would not want to
- reward existing customers
- expose their brand names
- encourage potential customers to start using their products?
We have had a fantastic response since we started building the contingency program in december 2009 at the PRI show (Performance Racing Industry) in Orlando, Florida. We started at zero then.. and since then the Speedgroup contingency program have grown to have a current value of $159.000!
DETAILS ABOUT THE PROGRAM IN SHORT:
Contingency Sponsors -
Some companies have chosen to reward all FIA/UEM classes, while others focus on a few classes. The general conditions are that each company choose to sign up for a minimum of 2 classes. See the table below what applies to a specific company or class.
Contingency Rewards -
The winners and runners-up at each event are rewarded by the contingency companies they have signed up for. In general that means $300 to the winner and $100 to the runner-up*.
What must teams comply with?
- Teams can sign up for contingency with a class contingency sponsor if using their products and can provide proof of it*.
- Teams must expose stickers provided for this purpose on the car/bike according to specific instructions. Stickers must be on from the 1st qualification run to be eligible for payout if winning or being runner-up.
* The conditions differ and it is the teams responsibility to find out what is applicable in each case. Speedgroup can provide full information on request.
Administration -
Administration of the contingency program is handled by Speedgroup. 100% of the fees from the contingency sponsor companies go directly to the teams. Administration include
- providing necessary information and stickers to the teams on request
- report back continuously to the contingency sponsor companies with results and photos from the races
- check on site that the contingency conditions are met for payout to be applicable
- handle payouts
- actively promote the program to include companies that are of value to the teams (any suggestions from teams will be looked into)
ATTENTION FIA/UEM TEAMS - DOCUMENTS FOR DOWNLOAD:
Contingency Sponsors - Click on logotypes to visit their websites
   
  
  
  
  
  
  
 
 
READ ARTICLES FROM THE SPEEDGROUP NEWSLETTERS ABOUT OUR CONTINGENCY SPONSOR COMPANIES:
Exhaust Coating
MPM Oil
NRE - Noonan Race Engineering
Leanders Clutch
Racepak
Simpson Race Products
- Inquiries from companies interested to join Speedgroups Contingency Program are most welcome! -
Classes included in the contingency program:
FIA Cars
TF - Top Fuel Dragster
TMD - Top Methanol Dragster
TMFC - Top Methanol Funny Cars
PM - Pro Modified
PS - Pro Stock Car
UEM Bikes
TFB - Top Fuel Bike
STTF - Super Twin Top Fuel Bike
PSB - Pro Stock Bike
- Contact person Speedgroup Contingency Program -
Ms. Gittli Koller
Mobile+ 49 (0)172 257 4141 (located in Germany)
email: Gittli Koller
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