Three contractors are bidding to fix
a broken fence at the White House in DC: One is from New York ,
another is from Tennessee and the third, is from Florida.
All three 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 Tennessee 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 New York 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?"
The New York contractor whispers back,
"$1000 for me, $1000 for you, and we hire the guy from
Tennessee to fix the fence."
"Done!" replies the government official. And
that, my friends, is how government contracting works!
H/T Terry
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