Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-327-13-35  01-0A0604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%         100%                             
01-LAK-20-31.8/37.1                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 11-18-11                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,003,791.60    1,326,818.66                      
2.a. Extra Work                         521,905.48      501,462.44                      
  b. Adjustment Comp.                    -1,015.71        4,934.75                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,524,681.37    1,833,215.85                      
5. Mobilization                         303,000.00       15,150.00                      
6. Total Work Completed    2,827,681.37                                                 
7. Deductions                           -74,757.32      -28,757.32                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                    0.00       17,298.26                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,752,924.05    1,836,906.79                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,836,906.79