Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-171-13-33  02-378004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  29%          29%                             
02-TRI-3-43.9/53.7                    Federal Project:                                  
                                     ACST-P003(29)                                      
                             P-P003(29)                                                 
                                                                                        
Progress payment No. 03            Payment period ending: 06-15-07                      
MERCER FRASER COMPANY                                                                   
P O BOX 1006                                                                            
EUREKA CA 955021006                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         892,024.40      361,987.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                     69,299.28       -7,635.37                      
4. Earned Subject to Retention          961,323.68      354,351.63                      
5. Mobilization                         285,000.00       60,000.00                      
6. Total Work Completed    1,177,024.40                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,246,323.68      414,351.63                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             414,351.63