Three contractors are bidding to fix a broken fence at the White House in D.C.
One from Illinois, one from Tennessee, and a third from Kentucky.
They all go with a White House official to examine the fence.
The Tennessee 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 Illinois contractor doesn't measure or figure, but leans over to the White
House official and whispers, '$2,700.'
The official, incredulous, whispers back, 'You didn't even measure like the
other guys! How did you come up with such a high figure?' The Illinois
contractor whispers back, '$1000 for me, $1000 for you, and we hire that guy
from Kentucky to fix the fence.'
'Done!' replies the government official.
And that my friends, is how it all works!!
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