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                                                                  EXHIBIT 10.247

                       LOAN CONTRACT - SECURITY AGREEMENT

<TABLE>
<CAPTION>
GOODS  PREVIOUSLY     CONSTRUCTION   DEALER ACCOUNT    DEALER PHONE NO.   DATE CONTRACT    DATE ACCEPTED BY JOHN DEERE  CONTRACT NO.
SETTLED FOR?                         NUMBER                               PRINTED          CONSTRUCTION & FORESTRY
                                                                                           COMPANY
<S>                <C>               <C>               <C>                <C>              <C>                          <C>
YES [ ]    NO [X]  NEW [X] USED [ ]  7633              602-415-4708       20NOV03          OFFICE USE ONLY              17-880171959
</TABLE>

Seller's Name and Address
RDO EQUIPMENT COMPANY, 2649 N. 29TH AVENUE, PHOENIX, AZ 85009

<TABLE>
<S>                                                                   <C>
Borrower's (Debtor's) Name (Last Name First) and Mailing Address      Borrower (Debtor's) Name (Last Name First) and Mailing Address
(Including County and Zip)                                            (Including County and Zip)
MEADOW VALLEY CONTRACTORS, INC.
P.O. BOX 60726
PHOENIX, ZA 85082
</TABLE>

Borrower's (Debtor's) Phone No.
602-437-5400

Borrower (Debtor) Resides in (County/State)
UTAHCOPA  AZ

Borrower (Debtor) Agrees to Keep Goods in
County/State UTAHCOPA  AZ

Place of Filing (Town & State)
AZ-SOS

<TABLE>
<S>                                                                    <C>
Borrower's Social Security Number (First Signer) or Tax Id Number                        Type of Business
880171959                                                              Proprietor [ ] Partner [ ] Corporation [X] L.L.C. [ ]
</TABLE>

Name and Title of Signing Officer (If Corporation or LLC)
BRADLEY LARSON PRESIDENT

APPLICATION AND PROMISSORY NOTE: I hereby apply to John Deere Construction &
Forestry Company (together with its assigns, the "Lender") for a Loan in the
amount of the Principal Balance shown below. The amount of the unpaid balance on
line 3 is to be used to finance the Balance Due on the purchase order executed
in connection with the purchase from the Seller of the equipment described below
(the "Goods"). If this Loan Contract is accepted by Lender, I promise to pay to
the order of Lender, the Principal Balance, shown on line 7 below, and finance
charges thereon computed on the daily unpaid balance of the Principal Balance
and to pay the installments shown below, with such adjustments in the amount or
number of installments as may be necessary to reflect actual finance charges
earned. If more than one person signs this Agreement as "Borrower"), we will be
jointly and severally liable for all amounts due under this Agreement. Except
for the Notice to Borrower section, In this Agreement, the words "I", "me" and
"my" mean the persons, whether one or more, who sign it as the "Borrower".

<TABLE>
<CAPTION>
Quantity  New/Used  Manufacturer Model   Goods (Equipment)  Product Identification No.   Delivered Cash Price
<S>       <C>       <C>          <C>     <C>                <C>                          <C>
1         N         JOHN DEERE   824J    WHEEL LOADER       DW824JX589890                     $ 255,698.33
                                                                                              $       0.00
                                                                                              $       0.00
                                                                                              $       0.00
</TABLE>

<TABLE>
<CAPTION>
Quantity   Manufacturer   Model   Description of Trade-In (From Purchase Order)       Product Identification No.      Amount
<S>        <C>            <C>     <C>                                                 <C>                           <C>
   1        JOHN DEERE    744HM   WHEEL LOADER                                             DW744HM563250             $83,000.00
   1        JOHN DEERE    744HM   OUTSIDE PAYOFF CIT                                       DW744HM563250            ($64,375.41)
                                                                                                                     $     0.00
CASH DOWN PAYMENT: $0.00                                                                TOTAL TRADE-IN:              $18,624.59
</TABLE>

<TABLE>
<CAPTION>
MONTHLY INSTALLMENTS
Number of    Amount of    First Payment
Payments    Each Payment    Due Date                                    ITEMIZATION OF AMOUNT FINANCED
--------    ------------  -------------      ---------------------------------------------------------------------------
<S>         <C>           <C>                <C>                                                     <C>     <C>
   60         $4,696.30     1/1/04
    0         $    0.00                      Sales Tax Paid to Government Agencies                           $ 13,988.56
    0         $    0.00                      Cash Price (Including Tax)                              1       $269,686.89
    0         $    0.00                      Total Down Payment. Sum of Trade-In and Cash Down
                                             Payment                                                 2       $ 18,624.59
    0         $    0.00                      Unpaid Balance of Cash Price (Paid to Seller)           3       $251,062.30
    0         $    0.00                      Official Fees (Paid to Public Officials)                4       $     35.00
    0         $    0.00                      Administrative Fees                                     5       $    500.00
                                             Insurance - Credit Life and/or Physical Damage          6       $      0.00
Payments are due each successive month on    Principal Balance (Lines 3, 4, 5 and 6)
the same day of  the month as the first      The amount of credit provided to Borrower(s)            7       $251,597.30
payment except as follows:
                                             Finance Charge (Based on Line 7)
                                             The dollar amount the credit will cost Borrower(s)      8       $ 30,180.70
                                             Total (Lines 7 and 8). (Principal Balance plus
                                             Finance Charge)                                         9       $281,778.00
                                             Annual Interest Rate:
DATE FINANCE CHARGE BEGINS: 11/21/03         The cost of the Borrower(s) credit as a yearly rate.                   4.50%
</TABLE>

SECURITY AGREEMENT: To secure the indebtedness evidenced by this contract or any
other indebtedness owed to you or your affiliates, I grant Secured Party a
security Interest in the Goods described above (which term includes items, if
any, listed as "security" or "additional security") and all parts and
accessories now or hereafter incorporation in or on such Goods by way of
addition, accession or replacement. Buyer represents that all trade-in property,
If any, is free and clear of all security agreements, liens and encumbrances. I
also grant you a Security Interest in all proceeds, including insurance proceeds
and refund of insurance premiums financed hereunder. I acknowledge that all
security granted on any other Contract between you and me shall also secure the
obligations described in this Contract. You can inspect the Goods at any time. I
REPRESENT THAT THE GOODS ARE BEING PURCHASED FOR A BUSINESS OR COMMERCIAL
PURPOSE.

EARLY PAYMENT: I may prepay my obligation in full at any time prior to the
original or any extended maturity and will be charged only for earned Finance
Charges.

DELINQUENCY CHARGE; NSF FEES: For each installment not paid when due, I promise
to pay Lender a delinquency charge calculated at the rate of 1.5% per month for
the period of the delinquency or, at Lender's option, 5% of such installment
provided that such a delinquency charge is not prohibited by law, otherwise at
the highest rate allowed by applicable law. I agree to repay immediately to
Lender in the enforcement or administration of its rights under this Agreement,
including, without limitation, any amount paid by Lender to a depository
institution because a check, draft or order made or drawn by or for the benefit
of me is returned unpaid for any reason. If any payment is made by a check
which is dishonored, I agree to pay Lender a fee of $20 or such lesser amount
specified by applicable law.

FINANCE CHARGE BEGIN DATE: I acknowledge that unless this Contract is not
accepted by Secured Party, the finance charge shall commence accruing on this
date specified above, regardless of when I execute this Contract.

STATE LAW APPLYING: THE CONSTRUCTION AND VALIDITY OF THIS AGREEMENT SHALL BE
CONTROLLED BY THE LAW OF IOWA, AND THE VALIDITY OF THE SECURITY INTEREST SHALL
BE CONTROLLED BY THE LAW OF THE STATE WHERE THE GOODS ARE TO BE KEPT AND USED.

ADDITIONAL PROVISIONS CONCERNING RIGHTS OF THE PARTIES ON RESERVE SIDE ARE A
PART OF THIS CONTRACT

<TABLE>
<S>                                                        <C>   <C>         <C>                             <C>
INSURANCE DISCLOSURES I may obtain PHYSICAL DAMAGE         NO.               I want PHYSICAL DAMAGE
INSURANCE from anyone I want that is acceptable to        MOS.  PREMIUM     INSURANCE (Sign in this box)
Lender. If the premiums are listed on line 6 above, I            $0.00
will pay the Premium shown at right. No insurance will
be provided unless I sign at the right, the premium is
shown and Lender accepts this contract

CREDIT LIFE INSURANCE is not required to obtain credit     NO.               I want CREDIT LIFE INSURANCE
and will not be provided unless I sign at the right, the   MOS.  PREMIUM     (Sign in this box).
premium is shown and Lender accepts this contract.               $0.00                                       Age 0
</TABLE>

NOTICE TO BORROWERS: 1. DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT
CONTAINS BLANK SPACES. 2. YOU ARE ENTITLED TO AN EXACT AND COMPLETELY FILLED IN
COPY OF THIS CONTRACT WHEN YOU SIGN IT, (***). KEEP IT TO PROTECT YOUR RIGHTS 3.
UNDER THE LAW, YOU MAY HAVE THE RIGHT TO REDEEM THE PROPERTY IF REPOSSESSED FOR
A DEFAULT WITHIN THE TIME PROVIDED BY (***).

CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN
IT.
I ACKNOWLEDGE RECEIPT OF A TRUE COPY HEREOF.
MEADOW VALLEY CONTRACTORS, INC.

<TABLE>
<S>                                            <C>                   <C>
                                                                     DO NOT WRITE IN SHADED AREA - FOR DEERE CREDIT SERVICES, INC...
                                                                                               USE ONLY
        Clint Tryon Sec./Treas.                 11/21/03             Accepted by: JOHN DEERE CONSTRUCTION  & FORESTRY
--------------------------------------------   -----------                      COMPANY (Lender/Secured Party)
Borrower's (Debtor's) Signature CLINT TRYON       Date
                                                                     At : 6400 NW 86th Street PO Box 6600, Johnston, Iowa 50131-6600
___________________________________________    ___________
Borrower's (Debtor's) Signature                   Date               By: __________________                  _______________
                                                                     (Authorized Signature)                  Date
___________________________________________    ___________
Borrower's (Debtor's) Signature                   Date
</TABLE><PAGE>

                                                                  EXHIBIT 10.248

                               CONTRACT AGREEMENT

THIS AGREEMENT, made and entered into this 11TH. day of DECEMBER, 2003 , by and
between the STATE OF ARIZONA, acting by and through its State Engineer duly
authorized by the Director, Arizona Department of Transportation to enter into
such agreement, party of the first part, and MEADOW VALLEY CONTRACTORS, INC.
hereinafter called the Contractor, party of the second part.

WITNESSETH: That the said Contractor, for in consideration of the sum to be paid
him by said State Arizona in the manner and at the time hereinafter provided,
and of the other covenants and agreements herein contained, hereby agrees, for
himself, heirs, administrators, successors and assigns as follows:

         ARTICLE I - SCOPE OF WORK: The Contractor shall perform in a
workmanlike and substantial manner and to the satisfaction of the State
Engineer, all the work specified under TRACS/Project No.

999 MA 000 H637102C NH-900-A(071)A
QUIET PAVEMENT (PHASE II)
(Various Regional Freeways)

and furnish at his own cost and expense all necessary machinery, tools,
apparatus, materials and labor to complete the work in the most substantial and
workmanlike manner according to the Plans and Specifications therefor on file
with the State Engineer and such modifications of the same and other directions
that may be made by the State Engineer as provided herein.

         ARTICLE II - CONTRACT DOCUMENTS: It is further agreed that the
Proposal, Plans, Standard Specifications, Special Provisions. Contract Bond(s)
and any and all Supplementary Agreements, and any and all requirements necessary
to complete the work in a substantial and acceptable manner, and any and all
equipment and progress statements required, are hereby referred to and made a
part of this contract, and shall have the same force and effect as though all of
the same were fully inserted herein.

         ARTICLE III - WARRANTY: The Contractor expressly warrants that he is
free from obligation of any other person or persons for services rendered, or
supposed to have rendered, in the procurement of this contract. He further
agrees that any breach of the Warranty shall constitute adequate cause for the
annulment of the Contract by the State of Arizona and that the State of Arizona
may retain to its own use from any sums of money due or become due thereunder,
an amount thereof equal to any brokerage, commission, or percentage so paid, or
agreed to be paid.

         ARTICLE IV - TIME OF COMPLETION: The Contractor further covenants and
agrees that all of the said materials shall be furnished and delivered and all
of the said labor shall be done and performed in every respect to the
satisfaction and approval of the State Engineer and that the said work shall be
turned over to the State Engineer, complete and ready for use, on or before the
specified time herein. The work shall be free and discharged of all claims and
demands whatsoever for, or on account of any and all labor and materials used or
furnished to be used in said work.

         It is expressly understood and agreed that in case of failure on the
part of the Contractor, for any reason, except with the written consent of the
State Engineer, to complete the entire work to the satisfaction of the State
Engineer, and within the aforesaid time limit, the party of the first part shall
deduct from any money due, or which may become due the Contractor, as liquidated
damages, an amount in accordance with Subsection 108.09 of the Contract
Specifications.

         If no money shall be due the Contractor, the State shall have a cause
of action to recover against the Contractor in a court of competent
jurisdiction, liquidated damages, in accordance with Subsection 108.09 of the
Contract Specifications, said deduction to be made, or said sum to be recovered,
not as a penalty, but as liquidated damages; provided, however, that upon
receipt of written notice from the Contractor, of the existence of causes, as
herein provided, over which said Contractor has no control and which must delay
the completion of said work or any delay occasioned by the Arizona Department of
Transportation, the State Engineer may extend the period hereinbefore specified
for the completion of said work in accordance with the Specifications and in
such case, the Contractor shall become liable for said liquidated damages for
delays commencing from date said extension period shall expire.

         After the date as set up in Contract plus any extension granted, no
further payments shall be made the Contractor until all work is completed and
accepted by the State engineer. It is also agreed that the date of completion
shall be that upon which the work is accepted by the State Engineer.

         ARTICLE V - CLAIMS FOR EXTRA WORK: It is distinctly understood and
agreed that no claim for extra work or materials, not specifically herein
provided, done or furnished by the Contractor, will be allowed by the State
Engineer, nor shall the Contractor do any work or furnish any materials not
covered by these Specifications and Contract, unless such work is ordered in
writing by the State Engineer. In no event shall the Contractor incur any
liability by reason of any oral direction or instruction that he may be given by
the State Engineer, or his authorized representatives. It is the intent and
meaning of this Article that all orders, directions, instructions, not contained
in the Plans, Specifications, and Special Provisions, pertaining to the work
shall be in writing, and the Contractor hereby waives any claims for
compensation for work done, or materials furnished in violation thereof.

         ARTICLE VI - MISUNDERSTANDING OR DECEPTION: The party of the second
part agrees that he has investigated the site of the work and all parts and
appurtenances thereto and hereby waives any right to plead misunderstanding or
deception as to location, character of work or materials, estimates of
quantities or other conditions surrounding or being a part of the work and
understands that the quantities given in the Bidding Schedule are approximate
only, and hereby agrees to accept the quantities as actually placed and finally
determined upon the completion of the work, in accordance with the Contract
Documents.

         ARTICLE VII - PAYMENTS: For and in consideration of the faithful
performance of the work herein embraced, as set forth in the Contract Agreement,
Specifications, Special Provisions, Bidding Schedule and all general and
detailed Specifications and Plans, which are a part hereof, and in accordance
with the directions of the State Engineer and to his satisfaction or his
authorized agents, the said State of Arizona agrees to pay to said Contractor
the amount earned, computed from the actual quantities of work performed, as
shown by the estimates of the State Engineer, and the unit prices named in the
attached Bidding Schedule and Supplementary Agreements made a part hereof, and
to make such payments in the manner and at the time provided in the
specifications hereto appended.

                                                                    Sheet 1 of 2
<PAGE>

         ARTICLE VIII - IT IS EXPRESSLY UNDERSTOOD AND AGREED that no work shall
be done nor any obligations incurred under this contract during any fiscal year
which are in excess of the funds programmed and budgeted for this project for
that fiscal year.

         ARTICLE IX - THE CONTRACTOR SHALL INDEMNIFY AND SAVE HARMLESS THE
STATE, its officers and employees, from all suits, actions or claims of any
character brought because of any injuries or damage received or sustained by any
person, persons or property on account of the operations of the said contractor
or an account of or in consequence of any neglect in safeguarding the work; or
through use of unacceptable materials in constructing the work; or because of
any act or omission, neglect or misconduct of said contractor; or because of any
claims or amounts recovered from any infringements of patent, trademark or
copyright; or from any claims or amounts arising or recovered under the
Workmen's Compensation Act or any other law, ordinance, order or decree, except
the contractor is not required to indemnify or save harmless the State from
liability arising from the negligence of the State.

         The contractor shall indemnify and save harmless any county or
incorporated city, its officers and employees, within the limits of which county
or incorporated city work is being performed, all in the same manner and to the
same extent as provided in the above paragraph.

         IT IS FURTHER UNDERSTOOD AND AGREED that all work required to be done
under this contract in excess of the funds now appropriated and budgeted for
this project shall not be done nor any obligation incurred therefor until such
time as the Legislature appropriates the additional funds and the same are
budgeted for this project by the Arizona Department of Transportation and in
that event the parties hereto are bound to continue performance of this contract
to the extent permitted by the funds so appropriated and budgeted.

         In the event that no funds are appropriated or budgeted for this
project for the succeeding fiscal year, then this contract shall be null and
void, except as to that portion for which funds have now been appropriated and
budgeted, therefore, and no right of action or damages shall accrue to the
benefit of the parties hereto as to that portion of the contract that may so
become null and void.

         All parties are hereby put on notice that this contract (agreement) is
subject to cancellation by the Governor pursuant to Arizona Revised Statutes
Section 38-511.

         IT IS ALSO UNDERSTOOD AND AGREED that this contract is subject to
A.R.S. 28-1824, 28-1825. 28-1826, together with all other limitations pursuant
to the applicable laws of the State of Arizona relating to public contracts and
expenditures.

999 MA 000 H637102C NH-900-A(071)A
QUIET PAVEMENT (PHASE II)
(Various Regional Freeways)

Witness our hands and seals this 11TH DAY OF DECEMBER 2003

                                STATE OF ARIZONA

                                          By: Barry Crockett
                                              ----------------------------------
                                          Department of Transportation

EVIDENCE OF AUTHORITY TO SIGN
THE CONTRACT MUST BE ON FILE
WITH THE DEPARTMENT, OTHERWISE
IT MUST BE FURNISHED WITH THE
PROPOSAL.

                                          PARTY OF THE FIRST PART

                                          /s/ BRADLEY E. LARSON
                                          --------------------------------------
                                          BRADLEY E. LARSON PRESIDENT

                                          By: /s/ MEADOW VALLEY CONTRACTORS, INC
                                              ----------------------------------
                                              Contractor

Attest: Robert W. Bottcher                PARTY OF THE SECOND PART
        ------------------
        Signature

                                                                      Article IX
                                                                 Revised 8/30/00
                                                              Contract Agreement

                                                                    Sheet 2 of 2
<PAGE>

                                                                     Page 4 of 4

                                  BID SCHEDULE

                               999 MA 000 H637102C

<TABLE>
<CAPTION>
ITEM NO.                ITEM DESCRIPTION                  UNIT   QUANTITY  UNIT PRICE  EXTENDED AMOUNT
------------------------------------------------------------------------------------------------------
<S>       <C>                                             <C>    <C>       <C>         <C>
7060013   PAVEMENT MARKER, RAISED, TYPE C                 EACH     26,000        2.75       71,500.00

7080001   PERMANENT PAVEMENT MARKING (PAINTED) (WHITE)    L.FT.    15,505        0.07        1,085.35

7080011   PERMANENT PAVEMENT MARKING (PAINTED) (YELLOW)   L.FT.    14.250        0.07          997.50

9010001   MOBILIZATION                                    L.SUM         1  642,000.90   642,000.00.90

9240050   MISCELLANEOUS WORK (PAVEMENT MARKING SURVEYING  L.SUM         1   24,000.00       24,000.00
          AND LAYOUT)

9240111   MISCELLANEOUS WORK (EPOXY INJECTION)            L.FT.     2,925       18.00       52,650.00

9240112   MISCELLANEOUS WORK (CLEAN EXISTING JOINTS) [*]  L.FT.   629,500        0.10       62,950.00
</TABLE>

         [*] To Accompany Addendum No. 1

                                                        BID TOTAL : 7,821,296.00

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