Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-235-10-28  01-4146V4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  36%          24%                             
01-LAK-20-38.5/42.0                    Federal Project:                                 
                                     ACST-P020(142)                                     
                             PH-P020(142)                                               
                                                                                        
Progress payment No. 07            Payment period ending: 08-20-07                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,664,281.54    1,259,851.77                      
2.a. Extra Work                          82,721.49        2,456.66                      
  b. Adjustment Comp.                    -1,411.98            0.00                      
3. Materials on Hand                    362,346.33      -76,426.01                      
4. Earned Subject to Retention        5,107,937.38    1,185,882.42                      
5. Mobilization                       1,151,400.00            0.00                      
6. Total Work Completed    5,896,991.05                                                 
7. Deductions                           -20,000.00      -20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,239,337.38    1,165,882.42                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,165,882.42