Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-235-11-33  03-291004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  87%          81%                             
03-NEV-267-0.0/2.8                    Federal Project:                                  
                                     ACIM-080-4(191)                                    
                             ACST-X057(38)                                              
                             P-X057(38)                                                 
Progress payment No. 39            Payment period ending: 08-20-02                      
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.      23,776,248.60      777,970.39                      
2.a. Extra Work                       2,761,694.70      107,215.39                      
  b. Adjustment Comp.                   -37,475.40       28,633.09                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       26,500,467.90      913,818.87                      
5. Mobilization                       3,200,000.00            0.00                      
6. Total Work Completed   29,700,467.90                                                 
7. Deductions                          -107,660.42      -67,660.42                      
8. a.Contract Retentions             -1,325,023.40      -45,690.95                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           28,267,784.08      800,467.50                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,325,020.00                                                  
12. Net Pymt. this Estimate                             800,467.50