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                                   CONTRACT
                                   --------

THIS CONTRACT, made and entered into this 4th day of June, 1996, between Clark 
County, a political subdivision of the State of Nevada, hereinafter referred to 
as the "OWNER" and Meadow Valley Contractors, Inc., (a Corporation organized
and existing under the laws of the State of Nevada), hereinafter referred to as 
the "CONTRACTOR". 

WITNESSETH: That the said CONTRACTOR having been awarded

         The Contract for the construction of the SATELLITE "D" SITEWORK AND 
         ASSOCIATED TAXIWAYS, LAS VEGAS, NEVADA.

in accordance with the Bid therefore and for and in consideration of the 
promises and of the covenants and agreements, and of the payments herein
specified, to be made and performed by the CONTRACTOR and the OWNER, the
CONTRACTOR hereby covenants and agrees to and with the OWNER to undertake and
execute all of the said named Work, in a good, substantial and workmanlike
manner, and to furnish all the materials and all the tools and labor necessary
to properly perform and complete the Work ready for use, in strict accordance
with all the provisions of the Contract including the following Exhibits
attached hereto and made a part hereof:

          Invitation to Bid

          Bid

          Contract

          Exhibit "B" - Special Conditions
 
          Exhibit "A" - General Conditions

          Exhibit "C" - Compensation Conditions

          Exhibit "D" - Addenda

          Exhibit "E" - Technical Specifications

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          Exhibit "F" - List of Drawings

          Contract Drawings

and accept as full compensation for the satisfactory performance of this 
Contract the sum of FORTY-ONE MILLION, TWENTY-SIX THOUSAND, SEVEN HUNDRED FIVE 
DOLLARS AND SEVENTY CENTS ($41,026,705.70), which includes the base bid amount 
and Special Allowance.

The prices named in the Bid are for the completed Work, and include the
furnishing of all materials and all labor, tools, and appliances and all
expense, direct or indirect, connected with the proper execution of the Work and
of maintaining the same until it is accepted by the OWNER. In the event that
unit prices are included in the base bid amount, the sum stated above is an
estimated total Contract amount. Full compensation will be based upon the amount
or number of each unit of work approved by the OWNER as satisfactorily completed
in accordance with the Contract, multiplied by the applicable unit price set
forth in the Bid.

The CONTRACTOR shall commence the Work to be performed under this Contract on 
the date set by the OWNER in the written Notice to Proceed, continuing the Work 
with diligence and shall complete the entire Work in accordance with ATTACHMENT 
NO. TWO TO BID, MILESTONE AND LIQUIDATED DAMAGES DATA. Further, in the event 
interim milestone completion dates are established in the above ATTACHMENT NO. 
TWO TO BID for separable portions of the Work, the CONTRACTOR agrees to 
complete said separable portions of the Work in accordance with said milestone 
dates.

CONTRACTOR acknowledges that the time for completion of the Work is sufficient 
for it to perform all the Work. In case of failure on the part of the CONTRACTOR
to complete the Work within the time(s) specified in the Contract, or within 
such additional time(s) as may be granted by formal action of the Board of 
County Commissioners or fails to prosecute the Work, or any separable part 
thereof, with such diligence as will insure its

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completion within the time(s) specified in the Contract or any extensions 
thereof, the CONTRACTOR shall pay to the OWNER, as liquidated damages, the 
sum(s) indicated in ATTACHMENT NO. TWO TO BID if so established therein for 
milestone completion dates of separable parts of the Work and the final 
completion of the Work.

The Award of this Contract is subject to the condition precedent that the 
CONTRACTOR provide a Performance Bond and a Labor and Material Payment Bond as 
required by the Contract Documents.

IN WITNESS WHEREOF, the Board of County Commissioners of Clark County, Nevada, 
has authorized it's Director of Aviation to execute this Contract on behalf of 
the said OWNER, and the CONTRACTOR has hereunto set his hand and seal the day 
and year above written.

                                            CLARK COUNTY, NEVADA


                                            BY: /s/ Robert N. Broadbent 
                                               ------------------------- 
                                                   ROBERT N. BROADBENT 
                                                                       
                                                   Director of Aviation 

NOTE: Witnesses not required
for corporation, but Corporate
Certificate must be complete.
Two witnesses required for                  [SEAL APPEARS HERE]
Partnerships and Individuals.
Partnerships must complete                  MEADOWVALLEY CONTRACTORS, INC.
Partnership Certificate
-------------------------
                                            BY: /s/ Alan Terril
-----------------------------------            ------------------------
Witness                                            ALAN TERRIL

-----------------------------------                VICE-PRESIDENT
Witness                                             -SEAL-

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