Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-013-14-48  01-0A0604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-LAK-20-31.8/37.1                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 12-09-11                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,091,428.74        3,441.52                      
2.a. Extra Work                         973,510.02      452,973.74                      
  b. Adjustment Comp.                    -1,023.59           -7.88                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,063,915.17      456,407.38                      
5. Mobilization                         303,000.00            0.00                      
6. Total Work Completed    3,366,915.17                                                 
7. Deductions                          -118,757.32        6,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,248,157.85      462,407.38                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             462,407.38