Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-297-12-22  01-0A0604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  30%          82%                             
01-LAK-20-31.8/37.1                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 10-20-11                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         676,972.94      160,594.04                      
2.a. Extra Work                          20,443.04        5,343.16                      
  b. Adjustment Comp.                    -5,950.46        7,045.42                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          691,465.52      172,982.62                      
5. Mobilization                         287,850.00       60,600.00                      
6. Total Work Completed      979,315.52                                                 
7. Deductions                           -46,000.00      -36,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.              -17,298.26      -17,298.26                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              916,017.26      180,284.36                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             180,284.36