Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-297-11-15  01-4146V4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  44%          34%                             
01-LAK-20-38.5/42.0                    Federal Project:                                 
                                     ACST-P020(142)                                     
                             PH-P020(142)                                               
                                                                                        
Progress payment No. 10            Payment period ending: 10-19-07                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,043,303.67      690,463.17                      
2.a. Extra Work                         236,886.47       29,659.17                      
  b. Adjustment Comp.                    -1,577.98            0.00                      
3. Materials on Hand                    207,130.78      -95,851.00                      
4. Earned Subject to Retention        6,485,742.94      624,271.34                      
5. Mobilization                       1,151,400.00            0.00                      
6. Total Work Completed    7,430,012.16                                                 
7. Deductions                           -15,000.00       -5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            7,622,142.94      619,271.34                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             619,271.34