Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          02-310-11-31  03-430104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-YOL-50-0.0/3.1                    Federal Project:                                   
03-SAC-50-L0.1/16.8                                     ACNH-000C(235)                  
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 08-13-02                      
ROYAL ELECTRIC COMPANY                                                                  
P O BOX 231430                                                                          
SACRAMENTO CA 95823                                                                     
                                                                                        
                                                                                        
Escrow No.  01649                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,001,955.00            0.00                      
2.a. Extra Work                          34,737.79        2,162.98                      
  b. Adjustment Comp.                    24,744.97       -1,153.36                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,061,437.76        1,009.62                      
5. Mobilization                         150,000.00            0.00                      
6. Total Work Completed    3,211,437.76                                                 
7. Deductions                           -10,812.50       15,187.50                      
8. a.Contract Retentions               -151,572.53            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         151,572.53            0.00                      
9. Total pay to Contractor            3,200,625.26       16,197.12                      
10. Reduction Amt to Escrow            -151,570.00            0.00                      
11. Payment to Escrow       151,570.00                                                  
12. Net Pymt. this Estimate                              16,197.12