Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          11-322-13-23  03-388004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-YOL-50-0.3/2.0                    Federal Project:                                   
                                     STPL-6203(7)                                       
                             N-6203(7)                                                  
                                                                                        
Progress payment No. 26            Payment period ending: 07-20-11                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      12,780,856.15            0.00                      
2.a. Extra Work                       2,042,484.41            0.00                      
  b. Adjustment Comp.                   467,210.38       -1,406.18                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       15,290,550.94       -1,406.18                      
5. Mobilization                         893,000.00            0.00                      
6. Total Work Completed   16,183,550.94                                                 
7. Deductions                                 0.00       60,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           16,183,550.94       58,593.82                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              58,593.82