Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          03-203-13-11  07-104954                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  32%          42%                             
07-VEN-101-12.8/14.2                    Federal Project:                                
                                     ACNH-P101(996)                                     
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 07-20-03                      
SECURITY PAVING COMPANY INC                                                             
P O BOX 1489                                                                            
SUN VALLEY CA 913531489                                                                 
                                                                                        
                                                                                        
Escrow No.  01969                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,592,171.24      457,553.25                      
2.a. Extra Work                         429,428.24       82,490.25                      
  b. Adjustment Comp.                   -16,744.02      -56,797.88                      
3. Materials on Hand                    142,301.82            0.00                      
4. Earned Subject to Retention        5,147,157.28      483,245.62                      
5. Mobilization                         636,500.00            0.00                      
6. Total Work Completed    5,641,355.46                                                 
7. Deductions                           -63,300.00      -15,000.00                      
8. a.Contract Retentions               -305,789.98            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,414,567.30      468,245.62                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       305,780.00                                                  
12. Net Pymt. this Estimate                             468,245.62