Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-234-09-40  03-0J7004
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    77%           80%

Location:                                         Federal Project:
03-BUT-32-30.8/31.0                               STER-39AJ(4)

Progress payment No. 016                     Payment period ending: 08-20-23
STEELHEAD CONSTRUCTORS JV
PO BOX 536
PALO CEDRO CA 96073

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             9,453,256.68         623,351.30
 2. a. Extra Work                              161,780.46               0.00
    b. Adustment Comp.                           4,591.76               0.00
 3. Materials on Hand                          182,865.00        -217,416.00
 4. Earned Subject to Retention              9,802,493.90         405,935.30
 5. Mobilization                             1,350,000.00               0.00
 6. Total Work Completed     10,969,628.90
 7. Deductions                                  -3,000.00           4,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 11,149,493.90         409,935.30
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       409,935.30