Detroit Fence Repair Project Three contractors are bidding to fix a broken fence at the Detroit Mayors Mansion. One is from Grand Rapids, another is from Lansing, and the third is from Detroit. All three go with the mayor to examine the fence. The contractor from Lansing 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 contractor from Grand Rapids also does some measuring and figuring, then says, I can do this job for $700. Thats $300 for materials, $300 for my crew and $100 profit for me. The contractor from Detroit doesnt measure or figure, but leans over to the mayor and whispers, $2,700. The mayor, incredulous, says, You didnt even measure like the other guys. Besides, how did you come up with such a high figure? The Detroit contractor whispers back, $1000 for me, $1000 for you, and we hire the guy from Grand Rapids to fix the fence. Done! Replies the mayor, “the job is yours.” And that, my fellow tax payer, is why the city of Detroit is bankrupt.
Posted on: Tue, 15 Oct 2013 20:24:27 +0000
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