Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          04-260-16-44  01-426904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-101-45.9/46.2                    Federal Project:                                
                                     ACST-Q101(35)                                      
                             PHG-Q101(35)                                               
                                                                                        
Progress payment No. 08            Payment period ending: 08-10-04                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         349,885.58       36,438.34                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          349,885.58       36,438.34                      
5. Mobilization                                                                         
6. Total Work Completed      349,885.58                                                 
7. Deductions                           -37,000.00      -37,000.00                      
8. a.Contract Retentions                -15,672.36            0.00                      
   b. Unsatisfactory Prog.                    0.00        6,076.60                      
   c. Reduction after 95% Comp.          15,672.36       15,672.36                      
9. Total pay to Contractor              312,885.58       21,187.30                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              21,187.30