Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-263-08-31  01-0A0604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  23%          94%                             
01-LAK-20-31.8/37.1                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 09-20-11                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         516,378.90      509,603.90                      
2.a. Extra Work                          15,099.88       15,099.88                      
  b. Adjustment Comp.                   -12,995.88      -12,995.88                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          518,482.90      511,707.90                      
5. Mobilization                         227,250.00      227,250.00                      
6. Total Work Completed      745,732.90                                                 
7. Deductions                           -10,000.00      -10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              735,732.90      728,957.90                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             728,957.90