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Old 23 Aug 2017, 20:55 (Ref:3761257)   #21
andrewc
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Join Date: Sep 2006
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andrewc should be qualifying in the top 10 on the grid
Can't help with those cars, but I was involved in running a single seater team.

Between races there would be a set amount of work which had to be done anyway, regardless of damage (mostly chargeable) and wear and tear (included in the fee). Work out and cost this. Add a contingency for the big jobs that may get done over winter.

Work out the likely cost of getting your cars to and from all the circuits, we decided to work out the season mileage and average over number of events. We owned the transporters. Will you have to rent storage space / workshops for cars / vans / trailers / trucks.

Work out the costs of hiring the people you need. Weekend staff will usually have a day rate plus expenses.

Work out the cost of accommodation / catering for the team. Work out costs of hospitality - are you going to feed your drivers and team members during the day?

Work out the cost of spare parts and consumables you have to take to races.

Work out the cost of buying/prepping the car.

Work out the cost of all the tools you'll need.

Get quotes for insurance.

Work out your costs so its clear and concise, so you can understand them and potential clients can as well. Some teams have a headline grabbing low headline price, but once you've found that race entries, fuel, tyres, transport, access to tuition/advice are all extras.

Then compare to others and work out how they're managing to do it for their prices. Potential customers may well have spoken to the others, so you'll need to be able to explain the different prices.
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