Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          04-055-17-01  04-1S8004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  17%          10%                             
04-CC-80-3.4/3.8                    Federal Project:                                    
                                     ACIM-080-1(106)                                    
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 02-20-04                      
VALENTINE CORPORATION                                                                   
P O BOX 9337                                                                            
SAN RAFAEL CA 94912                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         236,960.00       -8,815.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                     80,000.00       80,000.00                      
4. Earned Subject to Retention          316,960.00       71,185.00                      
5. Mobilization                         133,162.50            0.00                      
6. Total Work Completed      370,122.50                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -31,696.00       -7,118.50                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              418,426.50       64,066.50                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              64,066.50