Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-114-09-46  04-283814                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%           4%                             
04-SON-116-41.8/44.7                    Federal Project:                                
                                     ACHS-P116(42)                                      
                             STP-P116(42)                                               
                                                                                        
Progress payment No. 27            Payment period ending: 04-20-12                      
ARGONAUT CONSTRUCTORS                                                                   
P O BOX 639                                                                             
SANTA ROSA CA 95402                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       9,887,727.23       16,240.94                      
2.a. Extra Work                       2,020,207.47       45,435.39                      
  b. Adjustment Comp.                   399,654.34       -4,574.27                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       12,307,589.04       57,102.06                      
5. Mobilization                         440,000.00            0.00                      
6. Total Work Completed   12,747,589.04                                                 
7. Deductions                            -2,130.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           12,745,459.04       57,102.06                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              57,102.06