Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-327-14-13  01-4146V4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  86%          83%                             
01-LAK-20-38.5/42.0                    Federal Project:                                 
                                     ACST-P020(142)                                     
                             PH-P020(142)                                               
                                                                                        
Progress payment No. 23            Payment period ending: 11-20-08                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      13,172,716.65      286,940.64                      
2.a. Extra Work                       1,351,024.92      368,021.39                      
  b. Adjustment Comp.                   292,844.38       -3,243.83                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       14,816,585.95      651,718.20                      
5. Mobilization                       1,212,000.00            0.00                      
6. Total Work Completed   16,028,585.95                                                 
7. Deductions                            -5,000.00        4,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           16,023,585.95      655,718.20                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             655,718.20