Government Contracts..

Discussion in 'Economics' started by gnome, Feb 22, 2009.

  1. Three Contractors


    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!
     
  2. HA HA!!!! good one.