Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-268-10-58  03-291004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%          86%                             
03-NEV-267-0.0/2.8                    Federal Project:                                  
                                     ACIM-080-4(191)                                    
                             ACST-X057(38)                                              
                             P-X057(38)                                                 
Progress payment No. 40            Payment period ending: 09-20-02                      
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.      24,912,340.57    1,136,091.97                      
2.a. Extra Work                       2,842,726.19       81,031.49                      
  b. Adjustment Comp.                   -70,222.10      -32,746.70                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       27,684,844.66    1,184,376.76                      
5. Mobilization                       3,200,000.00            0.00                      
6. Total Work Completed   30,884,844.66                                                 
7. Deductions                           -22,660.42       85,000.00                      
8. a.Contract Retentions             -1,384,242.23      -59,218.83                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           29,477,942.01    1,210,157.93                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,384,240.00                                                  
12. Net Pymt. this Estimate                           1,210,157.93