Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-176-09-45  01-0H6004
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    46%           23%

Location:                                         Federal Project:
01-MEN-1-33.7/R51.0                               ACST-S001(668)

Progress payment No. 003                     Payment period ending: 06-20-25
ARGONAUT CONSTRUCTORS INC
PO BOX 639
SANTA ROSA CA 95402

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             9,857,750.94       5,297,637.56
 2. a. Extra Work                               53,364.08          53,364.08
    b. Adustment Comp.
 3. Materials on Hand                          120,109.63        -146,928.47
 4. Earned Subject to Retention             10,031,224.65       5,204,073.17
 5. Mobilization                             1,499,100.00               0.00
 6. Total Work Completed     11,410,215.02
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 11,530,324.65       5,204,073.17
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     5,204,073.17