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- Nov 25, 2003
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Three contractors are bidding to fix a broken fence at the White House
in D.C.. One from New Jersey, another from Kentucky and the third from
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 New Jersey 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 Jersey contractor whispers back, "$1,000 for me, $1,000 for you,
and we hire the guy from Kentucky to fix the fence."
"Done!" replies the government official.
in D.C.. One from New Jersey, another from Kentucky and the third from
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 New Jersey 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 Jersey contractor whispers back, "$1,000 for me, $1,000 for you,
and we hire the guy from Kentucky to fix the fence."
"Done!" replies the government official.