F1 News & Discussions > General F1 Discussion
Million pound repair
Dare:
--- Quote from: John S on April 25, 2021, 03:27:35 PM ---
--- Quote from: Dare on April 24, 2021, 09:26:55 PM ---As mad as Wolfe is he just might garnish Bottas's
paychecks.
Now if Russel ever drives for Mercedes Wolfe might be
thinking of knocking a million pounds off the salary he
had in mind just to make Russel pay for it without knowing
--- End quote ---
:DD :DD :DD
Well he can't get at George's pay cheque even if he wanted too. ;)
--- End quote ---
Alianora La Canta:
The quoted price is believable to me. A full chassis is £0.75 m, plus the cost of making the engine (which Mercedes, as a works team, must pay...) It may even be a slight underestimate that has been rounded down to £1 m. A customer team (now) saying they paid £1 m in this situation would be talking rubbish, since their engine bill stays the same however many engines are involved.
Drivers' wages join the cap in 2023 (partially - the threshold amount is being negotiated) on current plans - but then, as now, a team boss would need to demonstrate that the version of the contract lodged with CRB permits fines for that purpose before issuing them.
Strictly speaking, if it's a UK contract, the fine can't be more than £30 a week (and only issued for weeks where wrongdoing happened) unless outright malice or unusual-for-the-industry recklessness can be demonstrated (in those cases, a receipted bill for replacement is possible provided the end result for that week is still at least minimum wage). Daft as it sounds, this means Mercedes would have better standing to fine Valtteri that £30 if he left his security pass at home when visiting the factory (cost to Mercedes: maybe £2.50) than for crashing last Sunday (cost to Mercedes: perhaps £1 m); the occasional crash due to bad driving is . This rule is also the legal basis behind swear jars, as far as the UK is concerned.
However, sometimes fines get negotiated between team bosses and driver managers anyway, for the sake of smoothing over relationships.
John S:
--- Quote from: Alianora La Canta on April 26, 2021, 09:37:22 AM ---
The quoted price is believable to me. A full chassis is £0.75 m, plus the cost of making the engine (which Mercedes, as a works team, must pay...) It may even be a slight underestimate that has been rounded down to £1 m. A customer team (now) saying they paid £1 m in this situation would be talking rubbish, since their engine bill stays the same however many engines are involved.
--- End quote ---
I'd say that's an upper estimate, your £0.75m would be a whole new car without the engine surely?
But all parts are not carried over from race to race anyhow, some wear or damage is always possible, even when no shunt occurs, and some parts - often major ones - are replaced by upgrades. Also seems Merc are now backtracking on how much of the wrecked car is truly unsalvageable. ::)
So taking all the things together I reckon Toto is really over egging the pudding on this claimed 'Million Dollar' cost.
Really Toto :stop: can't say I like this sort of unnecessary bleating from the top team. :nono:
Jericoke:
--- Quote from: John S on April 26, 2021, 12:59:13 PM ---
--- Quote from: Alianora La Canta on April 26, 2021, 09:37:22 AM ---
The quoted price is believable to me. A full chassis is £0.75 m, plus the cost of making the engine (which Mercedes, as a works team, must pay...) It may even be a slight underestimate that has been rounded down to £1 m. A customer team (now) saying they paid £1 m in this situation would be talking rubbish, since their engine bill stays the same however many engines are involved.
--- End quote ---
I'd say that's an upper estimate, your £0.75m would be a whole new car without the engine surely?
But all parts are not carried over from race to race anyhow, some wear or damage is always possible, even when no shunt occurs, and some parts - often major ones - are replaced by upgrades. Also seems Merc are now backtracking on how much of the wrecked car is truly unsalvageable. ::)
So taking all the things together I reckon Toto is really over egging the pudding on this claimed 'Million Dollar' cost.
Really Toto :stop: can't say I like this sort of unnecessary bleating from the top team. :nono:
--- End quote ---
Most of the 'cost' is just paying people. I would imagine the people building an F1 car are quite well compensated for their time, and I'm sure it takes several hours, maybe even days, to build an entire F1 car.
Now, of course, these people would be on the Mercedes payroll anyway, and if they're not being paid to build a new car, they'd be paid to do something else. The main cost is whatever else they were scheduled to do won't get done, which would happen with or with out the cap anyway.
Alianora La Canta:
--- Quote from: John S on April 26, 2021, 12:59:13 PM ---
--- Quote from: Alianora La Canta on April 26, 2021, 09:37:22 AM ---
The quoted price is believable to me. A full chassis is £0.75 m, plus the cost of making the engine (which Mercedes, as a works team, must pay...) It may even be a slight underestimate that has been rounded down to £1 m. A customer team (now) saying they paid £1 m in this situation would be talking rubbish, since their engine bill stays the same however many engines are involved.
--- End quote ---
I'd say that's an upper estimate, your £0.75m would be a whole new car without the engine surely?
But all parts are not carried over from race to race anyhow, some wear or damage is always possible, even when no shunt occurs, and some parts - often major ones - are replaced by upgrades. Also seems Merc are now backtracking on how much of the wrecked car is truly unsalvageable. ::)
So taking all the things together I reckon Toto is really over egging the pudding on this claimed 'Million Dollar' cost.
Really Toto :stop: can't say I like this sort of unnecessary bleating from the top team. :nono:
--- End quote ---
Yes, £0.75 million assumes every single component is a write-off, which is possible if non-destructive testing indicates none of the components would withstand another race. The engine would be between £0.25 and £0.5 million.
While some parts are disposable, that just means there's a cost to replacing those parts that happens every race, which is replaced by the £1 m - £1.25 m for chassis + engine (note that some of the engine ancillaries also get changed every race).
If Merc since found through non-destructive testing that some parts are salvageable, the bill naturally decreases, to whatever extent salvage can be done. Since Toto would have been asked prior to results coming in, and he had reason to think it was a total write-off, he'd have quoted the approximate write-off figure. So he isn't exaggerating so much as superseded.
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