Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-205-12-24  01-4146V4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  29%          18%                             
01-LAK-20-38.5/42.0                    Federal Project:                                 
                                     ACST-P020(142)                                     
                             PH-P020(142)                                               
                                                                                        
Progress payment No. 05            Payment period ending: 07-20-07                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,404,429.77    1,320,942.71                      
2.a. Extra Work                          80,264.83       38,400.69                      
  b. Adjustment Comp.                    -1,411.98            0.00                      
3. Materials on Hand                    438,772.34      438,772.34                      
4. Earned Subject to Retention        3,922,054.96    1,798,115.74                      
5. Mobilization                       1,151,400.00      242,400.00                      
6. Total Work Completed    4,634,682.62                                                 
7. Deductions                          -427,473.18     -327,473.18                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,645,981.78    1,713,042.56                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,713,042.56