Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-203-16-05  07-4L3604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%          90%                             
07-LA-210-12.0/22.7                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 01            Payment period ending: 07-20-05                      
VELARDE CONSTRUCTION, INC                                                               
13704 DE FOE AVE                                                                        
SYLMAR, CA 91342                                                                        
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.          25,000.00       25,000.00                      
2.a. Extra Work                         890,175.20      890,175.20                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          915,175.20      915,175.20                      
5. Mobilization                                                                         
6. Total Work Completed      915,175.20                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              915,175.20      915,175.20                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             915,175.20