Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-234-11-59  03-291004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  66%          53%                             
03-NEV-267-0.0/2.8                    Federal Project:                                  
                                     ACIM-080-4(191)                                    
                             ACST-X057(38)                                              
                             P-X057(38)                                                 
Progress payment No. 23            Payment period ending: 08-20-01                      
M C M / LADD JOINT VENTURE                                                              
P O BOX 620                                                                             
NORTH HIGHLANDS CA 95660                                                                
                                                                                        
                                                                                        
Escrow No.  01316                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      18,027,917.74    1,003,866.37                      
2.a. Extra Work                         238,151.66            0.00                      
  b. Adjustment Comp.                   -24,669.58            0.00                      
3. Materials on Hand                    282,060.09      -25,068.71                      
4. Earned Subject to Retention       18,523,459.91      978,797.66                      
5. Mobilization                       3,200,000.00            0.00                      
6. Total Work Completed   21,441,399.82                                                 
7. Deductions                           -41,215.89            0.00                      
8. a.Contract Retentions               -926,173.00      -48,939.89                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           20,756,071.02      929,857.77                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       926,170.00                                                  
12. Net Pymt. this Estimate                             929,857.77