Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-292-11-44  04-150404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  99%         100%                             
04-SM-92-R12.1/R18.8                    Federal Project:                                
04-ALA-92-R0.0/6.3                                     NONE                             
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 10-19-01                      
ROYAL ELECTRIC COMPANY                                                                  
P O BOX 231430                                                                          
SACRAMENTO CA 958231430                                                                 
                                                                                        
                                                                                        
Escrow No.  01615                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,074,111.00      186,589.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -80,972.50            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,993,138.50      186,589.00                      
5. Mobilization                         370,000.00            0.00                      
6. Total Work Completed    6,363,138.50                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -299,656.93       -9,329.45                      
   b. Unsatisfactory Prog.              -27,586.32       -9,329.45                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,035,895.25      167,930.10                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       299,650.00                                                  
12. Net Pymt. this Estimate                             167,930.10