Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-264-14-40  01-4146V4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  40%          30%                             
01-LAK-20-38.5/42.0                    Federal Project:                                 
                                     ACST-P020(142)                                     
                             PH-P020(142)                                               
                                                                                        
Progress payment No. 08            Payment period ending: 09-20-07                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,352,840.50      688,558.96                      
2.a. Extra Work                         123,235.39       40,513.90                      
  b. Adjustment Comp.                    -1,577.98         -166.00                      
3. Materials on Hand                    302,981.78      -59,364.55                      
4. Earned Subject to Retention        5,777,479.69      669,542.31                      
5. Mobilization                       1,151,400.00            0.00                      
6. Total Work Completed    6,625,897.91                                                 
7. Deductions                           -10,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,918,879.69      679,542.31                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             679,542.31