The Tata group of companies decided to invite bids for their new Power generation plant. They called for bidders, and three companies decided to bid.
At the meeting, the Project Head of the Tata group asked the first bidder to quote his price.
The CEO of the first company who had done his MBA from Symbiosis said, "5 million. 3 mil for material and 2 mil for labour."
The Project Head then asked the CEO of the second company to present his bid.
The CEO of the second company who had done his MBA from NMIMS said, "10 million. 4 mil for material, 3 mil for labour, and another 3 for variable expenses."
The Project Head then asked the CEO of the third company to present his bid.
The CEO of the third company who was a product of IIM said, "15 million."
The project Head yelled, "15 million!!! What is the breakdown of costs?"
The CEO of the third company replied, "5 million for you. 5 for me. And 5 mil to get the fellow from Symbiosis to do the project."
At the meeting, the Project Head of the Tata group asked the first bidder to quote his price.
The CEO of the first company who had done his MBA from Symbiosis said, "5 million. 3 mil for material and 2 mil for labour."
The Project Head then asked the CEO of the second company to present his bid.
The CEO of the second company who had done his MBA from NMIMS said, "10 million. 4 mil for material, 3 mil for labour, and another 3 for variable expenses."
The Project Head then asked the CEO of the third company to present his bid.
The CEO of the third company who was a product of IIM said, "15 million."
The project Head yelled, "15 million!!! What is the breakdown of costs?"
The CEO of the third company replied, "5 million for you. 5 for me. And 5 mil to get the fellow from Symbiosis to do the project."