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-   -   Contingency money? (https://classracer.com/classforum/showthread.php?t=68595)

Ed Wright 12-30-2017 07:12 PM

Contingency money?
 
Been a long time since I've had any coming, but do many of you guys had to wait over two and a half months to receive all your contingency money from winning a points race? "Back in the day" I don't remember it taking this long. Had brown hair last time. LOL

Andys dad 12-30-2017 07:32 PM

Re: Contingency money?
 
Quote:

Originally Posted by Ed Wright (Post 552742)
Been a long time since I've had any coming, but do many of you guys had to wait over two and a half months to receive all your contingency money from winning a points race? "Back in the day" I don't remember it taking this long. Had brown hair last time. LOL

I hate to say 3 - to 6 months is not unusual. the most common reason they will gives is "no 1099" on file - even when you know you have submitted it.

If you are diligent weekly or at least monthly they will pay.

Oh AND "don't spend it all in one place" - that was an attempt at humor


Ron

Ed Wright 12-30-2017 07:55 PM

Re: Contingency money?
 
I've faxed 1099s, some paid right away, waiting on only two checks right now. Sent them everything. Contingency request forms, a 1099, a picture of the car showing their decal, etc. Just waiting on springs and weather station checks right now. Paid about the same total to win a points race in the 1980s. Would buy more fuel and parts then. LOL

Thanks, Ed

Dave1695 12-30-2017 08:13 PM

Re: Contingency money?
 
I took runner up at an IHRA race this year, most companies paid quickly. The con rod company paid reluctantly (good faith) because my rods were more than three years old. Ignition company refused to pay because decal was too old, (guess spectators who buy there stuff can only read new decals)! And the carb company refused because mine was more than five years old. It's not expensive enough running in stock eliminator, now we need to dump useable parts for new stuff every couple years.

ron mattson 12-30-2017 09:30 PM

Re: Contingency money?
 
There are some stand up companies and
some that are not so much the good one's
seem to pay right away some you have to chase
a little. I will tell you though I have claimed on
a certain weather station company several
times with nothing but excuses.

Ed Wright 12-30-2017 09:33 PM

Re: Contingency money?
 
Last IHRA race I ran, I won a points race. Check never did clear. I would had almost none of the right parts & decals. Got what contingency paid both, only a couple iirc. The check from the track I finally threw away. There was only 8 SS cars, so the track payout was much less than advertised. Seems like the advertised was based maybe on 32 cars? When I called the track about the check I was told IHRA required their fee when they arrived. Very low car counts made the track lose a good amount of money. I felt sorry for the guy, and just tore it up. Never saw ten SS cars at one of their races. Tried to support them by racing with them. The SS cars were mostly guys that ran NHRA around here too. Good cars. Seems like that track closed.
After that one, I gave up and never ran another IHRA race. Expensive enough when we get paid.

Darrel Goheen 01-01-2018 12:33 AM

Re: Contingency money?
 
Quote:

Originally Posted by ron mattson (Post 552753)
I will tell you though I have claimed on
a certain weather station company several
times with nothing but excuses.

Which one. We need to make sure we don't support them if they don't do what they say.

Rich Biebel 01-01-2018 10:12 AM

Re: Contingency money?
 
Waited 6 months for one last time. And from a company you would not expect.

Ed Wright 01-01-2018 10:49 AM

Re: Contingency money?
 
"Back in the day", when we ran "dual point distributors", win class at a National event, an ACCEL rep would be down by the scales. He would have you open the hood to see the distributor, had me pull the cap a couple of times (guess to verifybit still had their points in it), and pay you right there.

One asked me about the extra wires. I had a toggle switch the shifter would trip going into second gear. Retarding the timing 4 degrees. Timing retards when you turn the second set on.

He found me Sunday morning in the pits, and asked me more about it. Nice guy, we bench raced a while.
I had spent some time on my old (wasn't old then) Sun distributor machine moving one set, and screwing with the dwell, to get that down to four degrees. Two degrees on the distributor machine. Let one of my "speed secrets" out. :-) was not real long until Accel released a distributor set up for that. Was worth 5 hundredths on the little engine.

Lots of things we developed & did our selves back then. That was the Spring Nats at the old Dallas track. Had to run Buddy Ingersol with the first "professionally built" (Truppi & Kling) engine I had raced. Now, it's all the time. Most everybody just writes checks now. Ran Buddy first round of class, then Sonny Bryant & I in the class final. Got our 7" tires measured at the scales too. Only class winners got to run eliminations on Sunday.

Nmbr1GMfan 01-01-2018 11:13 AM

Re: Contingency money?
 
Quote:

Originally Posted by Darrel Goheen (Post 552820)
Which one. We need to make sure we don't support them if they don't do what they say.

We need a list with payers and non payers of contingencies.

Darrel Goheen 01-01-2018 12:05 PM

Re: Contingency money?
 
Quote:

Originally Posted by Nmbr1GMfan (Post 552832)
We need a list with payers and non payers of contingencies.

My worst experience was with PAC springs. 2015 ru at Topeka Nationals and vegas div win. Took for ever and my email, phone calls and a call to gal at NHRA to get check. 2016 win at vegas nationals and PAC was 1st to pay. LOL

Jim Bailey 01-01-2018 12:08 PM

Re: Contingency money?
 
When I won the NMCA race last year in Bradenton, I received every last check, to the penny, in less than 30 days. It was all taken care of by the NMCA. Including a follow up phone call / Email from the NMCA making sure the process was complete. I'd like to ad there were quite a few checks! ... It was a refreshing experience not having to chase down all the moneys due me.

Brian Oakes 01-01-2018 12:12 PM

Re: Contingency money?
 
Well here is a list that did NOT pay for the last pts race in D2 in Oct. for SS win.These were all on the check list.

1. Edelbrock intake
2. Moroso oil pan
3. JE Pistons
4. Jiffy-Tite
5. VP fuels
6. Jesel Rocker Arms
7. Phoenix tires
8. Computech weather station

I know some are slow and will come, but i will remind them when i order new parts,can i pay the way they do with Contingency.

nickh 01-01-2018 12:13 PM

Re: Contingency money?
 
You would think that since it costs the mfg's money that they pay into NHRA that NHRA would do what NMCA does. Oh wait look who we are talking about..LOL


Would be nice if Glendale folks would help the small guys out, wonder if Force has to chase down his contingency winnings, bet he does not.

Ed Wright 01-01-2018 12:44 PM

Re: Contingency money?
 
Only ones that have not paid me are PAC valve springs & Computec weather station.

GTS340 01-01-2018 01:18 PM

Re: Contingency money?
 
Than they expect you to buy new parts or service every year to get paid. I thought we were buying the parts because they were made to last. Ran into that with roller rockers, pistons, camshafts. Car looks much better with nothing but paint.

nickh 01-01-2018 01:20 PM

Re: Contingency money?
 
Thanks Brian & Ed for posting the slow payers. Sorry for the frustrations, it should not be this way.

ghost 01-01-2018 05:47 PM

Re: Contingency money?
 
I am runner-up at Atlanta in SS

the list that did NOT pay

JE piston
Milodon oil pan

For 2018, i want put X with black tape on sticker. Is good????

I not race for the money but... the first reason we lost the racers is MONEY

Bob Gullett 01-01-2018 06:15 PM

Re: Contingency money?
 
Only contingency issue I had was Magnafuel. In 2016 took 10 months and several calls to get a lousy $50 from a divisional R/U. Never an issue with the quality of the product but took the decal off the car after that.

JayP 01-01-2018 07:17 PM

Re: Contingency money?
 
Brian and Ed, I am with Computech. We pride ourselves on getting the racer paid, and I will be happy to check on this for you tomorrow morning when I am in the office. Typically we are either missing something from the customer or have been late getting the reports from NHRA or IHRA. In either case I will get this resolved for you right away. Sorry for the delay.
Jay

Brett C 01-01-2018 07:33 PM

Re: Contingency money?
 
Disagree on the VP thing, they paid all of my stuff.
Jiffy Tite is questionable.

FED 387 01-01-2018 07:35 PM

Re: Contingency money?
 
Buck says that HRA dropped the ball again and again- both of them. But nobody's going to admit to anything Fed387

Ed Wright 01-01-2018 09:37 PM

Re: Contingency money?
 
Quote:

Originally Posted by Brett C (Post 552881)
Disagree on the VP thing, they paid all of my stuff.
Jiffy Tite is questionable.

No problem with VP here.

Tom Goldman 01-02-2018 09:55 AM

Re: Contingency money?
 
Still waiting on Sunoco and K&N from September's Englishtown race. not surprised as I didn't get checks for Atco's race from them until the end of October.
Most of the Englishtown checks didn't come until the end of November.
It always seems the later in the year you win the longer it takes to get paid.
I just sent them a "reminder" last week .

Steve Polhill 01-02-2018 11:03 AM

Re: Contingency money?
 
You have to be a accountant these days to claim contingency, with all the receipts you need to keep and all the registration forms you need to fill out.

HR9121 01-02-2018 11:28 AM

Re: Contingency money?
 
Its amazing though if you go and blast them on a forum like this you can normally get their attention!

nickh 01-02-2018 12:20 PM

Re: Contingency money?
 
Maybe everyone needs to start posting the slow payers after each national and divisional event. No one should have to chase the money for 4 to 6 months. Again it would be awesome if NHRA would help, but guess that is asking to much.

Dave Ficacci 01-02-2018 12:51 PM

Re: Contingency money?
 
I've been waiting on Weld to pay for a race win back in June. I've never had an issue with Computech, Jiffy Tite or Sunoco as others have posted here.

Lenny5160 01-02-2018 01:33 PM

Re: Contingency money?
 
Quote:

Originally Posted by Brian Oakes (Post 552844)
Well here is a list that did NOT pay for the last pts race in D2 in Oct. for SS win.These were all on the check list.

1. Edelbrock intake
2. Moroso oil pan

These two stood out to me. Moroso paid me for an oil pan even without a decal.

I also had no decal for Edelbrock. They contacted me asking for a picture of the car with decal. When I said I didn't have one, they didn't pay (reasonable) but did sent 2 sets of decals at my request.

I don't have very many decals on the car, but everyone paid that should have.

T Ames 01-02-2018 03:57 PM

Re: Contingency money?
 
On the positive side of this equation, Calvert Racing was very responsive and the first contingency check to arrive (they have great customer service all around, so not too surprising!). The dozen contingency sponsors all sent a check within 5 months’ time. Most of the later ones were due to not having a W-9 on file – my fault. I do look forward to the problem of having to wait for contingency awards again someday.

Lenny5160 01-02-2018 06:08 PM

Re: Contingency money?
 
Quote:

Originally Posted by T Ames (Post 552938)
On the positive side of this equation, Calvert Racing was very responsive and the first contingency check to arrive (they have great customer service all around, so not too surprising!). The dozen contingency sponsors all sent a check within 5 months’ time. Most of the later ones were due to not having a W-9 on file – my fault. I do look forward to the problem of having to wait for contingency awards again someday.

x2 - Calvert is phenomenal! They also typically post double the amount of money that everyone else does.

John Calvert complimented me on my t-shirt in Chicago two years ago and we chatted quite a bit throughout the event. No surprise that his company is just as pleasant to work with.

Brian Oakes 01-02-2018 07:05 PM

Re: Contingency money?
 
Update, Had a email from Jay at Computech this am, and check was issued on Dec 26/17 and he said if i don't have within a week to call him ASAP, good followup, from Computech. Thank you

Hefler 01-02-2018 07:15 PM

Re: Contingency money?
 
This may have been mentioned above.. It takes from what i can remember 4-8 weeks for the contingency results to be posted where manufactures can see who won with their product (Its our first year of paying contingency and maybe there is a faster way, but not that i am aware of)..
We obviously try to pay as soon as we see the results through the NHRA contingency site......Nothing alerts us as we have to go into the site and see if anyone won with our products so if someone was not paying attention i can see how it would get pass them for a while...

Jeff

Pro 1 Racing & Safety Products

John Nechiporchik 01-02-2018 08:02 PM

Re: Contingency money?
 
Had the good fortune to win the Keystone IHRA (RIP) race and had 5 stickers.....all paid.
ATI, Hoosier, Jeg's and Summit all paid within a month. ATI was first.
Sunoco required 1 follow-up call...asked for a W-9 form and I had the check in about 3 weeks. The Sunoco lady was customer friendly and got the job done.
Side note....Jeg's check came in a box with several hats with the event ,winner, class and my name embroidered on the hats. Nice extra touch!

tim worner 01-03-2018 02:21 PM

Re: Contingency money?
 
Remenber a slow pay posting is better than no posting at all. e polite but persistant when dealing with contingency payouts

Michael Compton 01-03-2018 02:55 PM

Re: Contingency money?
 
When I won in August 2014 and July 2016, I got paid by 13 companies. Some were slow but eventually paid. Longest I waited was 5 months.

Computech did not pay but the lady was very nice and informed me they only paid for 5 years from date of purchase. With the way they handled the situation, I had no problem purchasing the trailer based weather station from them in 2017.

Hogan did not pay but did give me a credit toward the purchase of a manifold. Better than telling me I was SOL.

Killing them with kindness got me a whole lot further than being a jerk. Of course that applies in all aspects of life.

Mike Jones 01-03-2018 05:09 PM

Re: Contingency money?
 
Wish I could help with who pays, or not...:D

Mike A114

doglover44 01-04-2018 09:25 AM

Re: Contingency money?
 
How much can you make from contingency ?

jmcarter 01-04-2018 09:37 AM

Re: Contingency money?
 
Quote:

Originally Posted by doglover44 (Post 553013)
How much can you make from contingency ?

Here's the 2017 Divisional postings, manufacturers have requirements related to registration, how recent the purchase was, etc. You can get the specifics on NHRA Racer. There are also a few manufacturers who pay that don't do so through the NHRA program (such as Turbo Action). Probably be another month before the 2018 postings are available. See nhraracer.com for more...

http://www.nhra.net/2017/sportsman/L...ontingency.pdf

Ed Wright 01-04-2018 01:06 PM

Re: Contingency money?
 
Quote:

Originally Posted by Michael Compton (Post 552991)
When I won in August 2014 and July 2016, I got paid by 13 companies. Some were slow but eventually paid. Longest I waited was 5 months.

Computech did not pay but the lady was very nice and informed me they only paid for 5 years from date of purchase. With the way they handled the situation, I had no problem purchasing the trailer based weather station from them in 2017.

Hogan did not pay but did give me a credit toward the purchase of a manifold. Better than telling me I was SOL.

Killing them with kindness got me a whole lot further than being a jerk. Of course that applies in all aspects of life.

Looks like Hogan stopped being a sponsor. Don't see them listed.


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