Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-234-11-55  03-1N0004
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    24%          100%

Location:                                         Federal Project:
03-VAR                                            NONE

Progress payment No. 003                     Payment period ending: 08-20-25
PISOR FENCE DIVISION INC
PO BOX 7213
CITRUS HEIGHTS CA 95621

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              999,482.87         134,992.95
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                999,482.87         134,992.95
 5. Mobilization
 6. Total Work Completed        999,482.87
 7. Deductions                                 -18,000.00           2,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    981,482.87         136,992.95
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       136,992.95