Three contractors are bidding to repair the White House fence.
One was from New Jersey , another from Tennessee and the third was from Iowa .
They go with a White House official to examine the fence. The Iowa contractor takes out a tape measure, does some measuring, then jots down 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 measures and figures, then says, “I can do this job for $700…. $300 for materials, $300 for my crew, and $100 profit for me.”
Then it’s the New Jersey contractor’s turn. But he doesn’t measure or do any figuring. Instead, he leans over to the White House official and whispers, “$2,700.” The official is astonished! “You didn’t even measure like the other guys! How did you come up with such a high figure?” “Easy,” the Jersey guy explains,
“$1,000 for you, $1,000 for me, and we hire the guy from Tennessee”