Three contractors are bidding to fix the White House fence. One from
Chicago, another from Kentucky and the third, Florida. They go with a White
House official to examine the fence.
The Florida contractor takes out a tape measure and does some
measuring, then works some figures with a pencil.
"Well," he says. "I figure the job will run about $900: $400 for
materials, $400 for my crew and $100 profit for me."
The Kentucky contractor also does some measuring and figuring, then
says, "I can do this job for $700: $300 for materials, $300 for my crew and
$100 profit for me.
The Chicago contractor doesn't measure or figure, but leans over to
the White House official and whispers: "$2,700."
The official, incredulous, says, "You didn't even measure like the
other guys! How did you come up with such a high figure?"
"Easy," the Chicagoan explains, "$1,000 for you, $1,000 for me and
we hire the guy from Kentucky."
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