Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          05-076-13-24  11-079504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-SD-78-35.7/35.8                    Federal Project:                                  
                                     ACST-P078(101)                                     
                             PE-P078(101)                                               
                                                                                        
Progress payment No. 16            Payment period ending: 05-07-04                      
T B PENICK AND SONS INC                                                                 
9747 OLSON DRIVE                                                                        
SAN DIEGO CA 92121                                                                      
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         393,457.23            0.00                      
2.a. Extra Work                           4,493.04            0.00                      
  b. Adjustment Comp.                   -13,725.11        3,567.30                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          384,225.16        3,567.30                      
5. Mobilization                          45,200.00            0.00                      
6. Total Work Completed      429,425.16                                                 
7. Deductions                            -6,600.00       11,000.00                      
8. a.Contract Retentions                -18,783.53            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          18,783.53            0.00                      
9. Total pay to Contractor              422,825.16       14,567.30                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              14,567.30