Document:

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                                                                   EXHIBIT 10.98

<TABLE>
<S>                 <C>   <C>            <C>      <C>                     <C>            <C>                    <C>
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GOODS PREVIOUSLY   CONSTRUCTION   DEALER ACCOUNT  DEALER PHONE NO.   APPLICATION         DATE ACCEPTED          CONTRACT NO.
SETTLED FOR?                      NUMBER                             DATE                BY J.D. CONS. EQMT. CO
                    New   Used                                                           For Office
Yes X      No              JX            908      801 262-7441           14 MAY 99       Use Only     P02       880171959 17
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SELLER'S NAME & ADDRESS
 SCOTT MACHINERY COMPANY      4055 SOUTH 500 WEST                 SALT LAKE CIT UT 84123
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BORROWER'S (DEBTOR'S) NAME (Last Name First)                              BORROWER'S (DEBTOR'S) NAME (Last Name First)
& MAILING ADDRESS (including County & Zip)                                & MAILING ADDRESS (including Zip)
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MEADOW VALLEY CONTRACTORS, INC.
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P.O. BOX 60726
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PHOENIX            MARIC AZ 85082
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BORROWER'S (DEBTOR'S) PHONE NO.               BORROWER (DEBTOR) RESIDES    BORROWER (DEBTOR) AGREES TO      PLACE OF FILING
                                              IN (Country, State)          KEEP GOODS IN (Co./St.)          (Town & State)
602 437-5400                                    MARIC     AZ                 WEAVER         UT              SEC. OF STATE
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BORROWER'S SOC. SEC. NO. (First Signer) or         TYPE OF BUSINESS          NAME & TITLE OF SIGNING OFFICER (If Corporation or LLC)
                                            ------------------------------
FED. TAX ID. NO.                              Prop.  Partner  Corp.  LLC
 ###-##-####                                                 X               BRADLEY E. LARSON        * PRESIDENT
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</TABLE>

I hereby apply to John Deere Construction Equipment Company (the "Lender") for a
loan of the Amount Financed shown below, and on the following terms and
conditions. The amount of the Unpaid Balance of Cash Price shown below on Line 3
is to be used to finance the Balance Due on the Purchase Order executed in
connection with the purchase from the Lender of the Equipment described below
(the "Goods"). I agree that I have received the Goods.

PARTIES: In this agreement, the words "I", "me", and "my" mean the persons,
whether one or more, who sign it as "Borrower(s)" (who is also known as
"Debtor(s)").

PROMISSORY NOTE: If this Loan Contract is accepted by Lender, I promise to pay
to Lender or its order the TOTAL OF PAYMENTS as in line 9 below, in monthly
installments and/or installments other than monthly as shown below. If more than
one person signs this agreement as "Borrower", we will be jointly and severally
liable for all amounts due under this agreement. I represent that the Goods are
being purchased for a business or commercial purpose.

<TABLE>
<CAPTION>
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  Qty.    New     MFR.   MODEL                     GOODS (Equipment)              PRODUCT IDENTIFICATION NO.   DELIVERED CASH PRICE
          Used
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<S>       <C>    <C>     <C>        <C>                                           <C>                          <C>
   1       U     JD       310E      WHEEL LOADER BACKHOE                              T0310EX839952                  55800  00
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                                                                                                                     55800  00
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          QTY.    MFR.   MODEL    DESCRIPTION OF TRADE-IN (From Purchase Order)   PRODUCT IDENTIFICATION NO.           AMOUNT
         ---------------------------------------------------------------------------------------------------------------------------
TRADE-IN
  DATA   ---------------------------------------------------------------------------------------------------------------------------

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          CASH DOWN PAYMENT:         3,500.00                                          TOTAL TRADE-IN                       00
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          INSTALLMENTS OTHER THAN MONTHLY                  MONTHLY INSTALLMENTS
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   Amount    No. Of  When Payments   Amount      No. Of    Amount Of   First Payment
  Financed    Mos.     Are Due     Of Payments  Payments  Each Payment   Due Date
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                                                   48        1366 95       01-Aug-99
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                                                                                                  ITEMIZATION OF AMOUNT FINANCED
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                RECEIVED                                                               SALES TAX                           3543 30
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                JUL 06 1999                                                01-JUL-03   CASH PRICE (Including Tax)    1    59343 30
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                DEERE CREDIT SERVICE                                                   TOTAL DOWN PAYMENT (Sum of
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                               Payments are due each successive month on the same day  Trade-In & Cash Down Payment) 2     3500 00
                               of the month as the first payment except as follows:
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                                JUN 99                                                 UNPAID BALANCE                3    55843 30
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                                                                                       DOCUMENTATION FEES            4      400 00
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                                                                                       OFFICIAL FEES                 5       20 00
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                    TOTALS                     DATE FINANCE CHARGE BEGINS: 01-JUL-99   INSURANCE Credit Life
                                                                                       and/or Physical Damage        6          00
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SECURITY AGREEMENT: To secure the indebtedness evidenced by this contract, I hereby    PRINCIPAL BALANCE             7    56263 30
grant to Lender (Secured Party) a Security Interest in the Goods described above     -----------------------------------------------
(which term includes items, if any, listed as "security" or "additional security")     FINANCE CHARGE                8     9350 30
and all parts and accessories now or hereafter incorporated in or on such Goods     ------------------------------------------------
by way of addition, accession or replacement, together with all proceeds,              TOTAL
including, without limitation, insurance proceeds.                                     (Principal Balance plus       9    65613 60
                                                                                       finance Charge)
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. No       ANNUAL INTEREST RATE
penalties will be imposed for early payment.                                           The cost of the Borrower(s)
                                                                                       credit as a yearly rate.               7.75%
ADDITIONAL CONTRACT INFORMATION: See the front and back of this agreement for        -----------------------------------------------
additional information and terms regarding non-payment, default, the right to demand
immediate payment, and prepayment refunds.                                           -----------------------------------------------

LATE PAYMENTS: In addition to promising to pay the installments set forth above, I
promise to pay past due penalty on each installment in default more than 10 days
(15 days in North Carolina) not to exceed the highest penalty permitted by
applicable state law.
</TABLE>

RETURN CHECK FEE: If payment is made by a check, draft, or order which is
dishonored, I agree to pay you a fee of $20 or such lesser amount specified by
applicable law.

STATE LAW APPLYING: EXCEPT AS PROHIBITED BY THE LAW OF THE STATE WHERE I LIVE,
THE CONSTRUCTION AND VALIDITY OF THIS AGREEMENT SHALL BE CONTROLLED BY THE LAW
OF IOWA, WHERE THIS AGREEMENT IS ACCEPTED AND ENTERED INTO, 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.

PHYSICAL DAMAGE INSURANCE REQUIRED (See Provisions on Reverse Side)

Liability insurance coverage for bodily injury and property damage caused to
others not included. If you desire Liability coverage, you should obtain such
coverage from an agent of your choice.

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    ADDITIONAL PROVISIONS CONCERNING RIGHTS OF THE PARTIES ON REVERSE SIDE
                          ARE A PART OF THIS CONTRACT
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<TABLE>
<S>                                                                     <C>         <C>       <C>
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INSURANCE DISCLOSURES: I may obtain Physical Damage Insurance from      NO. MOS.    PREMIUM   I want Physical Damage Insurance
anyone I want that is acceptable to Lender. If I get this insurance                           (Sign in this box)
through Seller, I 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.                                                             X
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Credit Life Insurance is not required to obtain credit and will not     NO. MOS.    PREMIUM   I want Credit Life Insurance
be provided unless I sign at the right, the premium is shown and                              (Sign in this box)
Lender accepts this contract.                                                                 X                            Age:
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</TABLE>

NOTICE TO BORROWER(S): 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 legal rights. 3.
Under the law, you have the following rights, among others: a. to pay off in
advance the full amount due and to obtain a partial refund of the finance
charge; b. to redeem the property if repossessed for a default within the time
provided by law; c. to require, under certain conditions, a resale of the
property if repossessed.

CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN
IT.

I acknowledge receipt of a true copy hereof.

<TABLE>
<S>                                                             <C>              <C>
MEADOW VALLEY CONTRACTORS, INC.                                                    DO NOT WRITE IN SHADED AREA. - FOR DEERE CREDIT
                                                                                    SERVICES, INC. USE ONLY.
                                                                                 ---------------------------------------------------
 /s/ Bradley E. Larson - Pres.                                  Date  6/29/99     Accepted By: JOHN DEERE CONSTRUCTION EQUIPMENT
--------------------------------------------------------------       ----------     COMPANY (Lender/Secured Party)
Borrower's (Debtor's) Signature  BRADLEY E. LARSON, President
                                                                                   AT 1415 28th Street, P.O. Box 65090, West Des
______________________________________________________________  Date __________      Moines, IA 50265-0090
Borrower's (Debtor's) Signature                                                     -------------------------------------------
                                                                                    (Address)

______________________________________________________________  Date __________   BY /s/ Margaret Thomas           Date 7/9/99
Borrower's (Debtor's) Signature                                                     -----------------------------      -------------
                                                                                    (Authorized Signature)
                                                                                 ---------------------------------------------------
</TABLE><PAGE>

                                                                   EXHIBIT 10.99

                            TRANSFER AND ASSUMPTION              1001-2051
                                   AGREEMENT                  ................
                                                               Account Number

[LOGO](R) This transfer and Assumption Agreement dated July 23, 1999 is entered
into by and between the undersigned transferor ("Transferor"), the undersigned
transferee ("Transferee"), Associates Leasing, Inc. ("Associates") and any
guarantor or endorser signing below.

     On January 28, 1998, Transfer leased from Associates the following
described property (herein, with all present and future attachments,
accessories, replacement parts, repairs, additions, and all proceeds thereof,
referred to as "Property"):

  One (1) Sky Trak Model 10042 Telescopic Handler, SN: 5197, with 10,000 lbs.
  reach forklift, 72 inch carriage, 60 inch forks

and on that date executed a Lease (herein, with all amendments thereto, referred
to as the "Contract") evidencing the leasing of the Property for the aggregate
rent set forth therein, of which there now remains unpaid the sum of $62,522.10
("Unpaid Rentals") which is payable in 30 remaining installments as follows:
$62,522.10

For equal successive     (a) $2,084.07 on August 1, 1999 and a like sum on the
monthly installments         like date of each month thereafter until fully
                             paid, provided, however, that the final installment
                             of rent shall be in the amount of the remaining
                             Unpaid Rentals.

For other than equal     (b)
successive monthly
installments:

   The Contract and any guarantees and other documents executed in connection
with the Contract are herein collectively called the "Documents". Transferor has
advised Associates that Transferor desires to transfer to Transferee and that
Transferee desires to acquire Transferor's interest, as lessee, in the Property,
but Transferor is prohibited from doing so without first obtaining the written
consent of Associates to such transfer. Transferor has requested Associates to
consent to the transfer of Transferor's interest as lessee in the Property by
Transferor to Transferee. Associates has expressed its willingness to give its
written consent to such transfer provided that: (i) this Agreement is executed
by Transferor and Transferee and delivered to Associates; (ii) any guarantors
and/or endorsers of Transferor's obligations under the Contract (individually
and collectively called the "Guarantor") execute this Agreement or such other
consent and acknowledgment of the continuance of their obligations and
liabilities under the Documents as Associates may require; and (iii) the
ownership rights of Associates in the Property is and continues to be valid,
first, prior to all others and effective against all persons whether such
persons are claiming by, through or under Transferor, Transferee or any other
person.

   NOW, THEREFORE, Transferor, for and in consideration of One Dollar and other
valuable consideration paid to Transferor by Transferee, hereby assigns to
Transferee, all of Transferor's interest as lessee in and to the Property,
subject to the terms, conditions and agreements hereof and of the Contract.

<TABLE>
  <S>                                                           <C>       <C>
  The Property will be kept at:      4411 S. 40th Street, D-11, Phoenix, Maricopa, AZ 84040
                                ------------------------------------------------------------------------
                                      (Street Address & City)   (County)  (State/Province & Zip Code)

  Present location of the Property
                                     1501 State Highway #168, Moapa, Clark, NV 89025
  if different from the foregoing:   -------------------------------------------------------------------
                                     (Street Address & City) (County) (State/Province & Zip Code)
</TABLE>

No oral Agreement, Guaranty, Promise, Representation or Warranty shall be
binding on Associates.

Each of the parties executing this Agreement acknowledges receipt of a copy
hereof.

  The additional terms and conditions on the reverse side are a part of this
                                  agreement.

IN WITNESS WHEREOF, we have hereunto set our hands and seals as of the day and
year first above written.

<TABLE>
<S>                                                                 <C>
TRANSFEROR         Prestressed Products Incorporated                TRANSFEREE        Meadow Valley Contractors, Inc.
            --------------------------------------------------                -------------------------------------------------
            (Name of individual(s), corporation or partnership.               (Name of individual(s), corporation or partnership.
               Give trade style, if any, after name.)                               Give trade style, if any, after name.)

By: /s/ Kenneth D. Nelson     Title   Vice President                By /s/ Kenneth D. Nelson            Title   Vice President
    ---------------------           --------------------               ----------------------------           --------------------
   (If corporation, authorized officer must sign and                   (If corporation, authorized officer, must sign and show
    show corporate title.                                               corporate title.
   If partnership, a general partner must sign. If owner(s)            If partnership, a general partner must sign. If owner(s) or
   or partner, show which.)                                            partner, show which.)

                                                                             4411 S. 40th Street, D-11
                                                                       --------------------------------------------------------
                                                                             (Street Address of Transferee)

                                                                                  Phoenix, MARICOPA, AZ 84040
                                                                       --------------------------------------------------------
                                                                       (City, COUNTY, State/Province and Zip Code)
Witnesses to
Transferee's
signature       /s/ [ILLEGIBLE]^^                                      /s/ [ILLEGIBLE]^^
               -------------------------------------------             --------------------------------------------------------
                              (Witness)                                                        (Witness)

GUARANTOR                                                              GUARANTOR
or ENDORSER    Meadow Valley Corporation                               or ENDORSER_____________________________________________
           -----------------------------------------------
           (Name of individual, corporation or partnership)                 (Name of individual, corporation or partnership.)

By /s/ Kenneth D. Nelson, V.P.                                         By______________________________________________________
   -------------------------------------------------------
      (Individual guarantors must sign without titles.                    (Individual guarantors must sign without titles.
  Sign simply "John Smith," not "John Smith, President.")              Sign simply "John Smith," not "John Smith, President.")
</TABLE>

Associates hereby consents to the above transfer and assumption pursuant to the
terms and conditions of the above agreement.

ASSOCIATES LEASING, Inc.                     By_________________________________
                   -----------------
                                                  (Authorized Representative)
<PAGE>

    (Additional terms and conditions of transfer and assumption agreement)

     In consideration of the written consent of Associates, Transferee hereby:
promises to pay the Unpaid Rentals to Associates in accordance with the
schedule set forth on the face hereof; assumes all of the obligations and
liabilities of Transferor contained in the Contract as though Transferee was the
original lessee of the Property.
     Transferor agrees that, notwithstanding the transfer referred to herein,
Transferor is in no way released from its obligations set forth in the Contract,
but is and shall continue to be firmly bound thereby.
     Transferor and Transferee jointly and severally agree to pay the Unpaid
Rentals and to pay and perform all other obligations and liabilities under the
Contract.
     Transferee agrees that no warranties have been made as to the Property by
Associates, that ASSOCIATES MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR
IMPLIED, AS TO THE QUALITY, WORKMANSHIP, DESIGN, MERCHANTABILITY, SUITABILITY OR
FITNESS OF THE PROPERTY FOR ANY PARTICULAR PURPOSE, OR ANY OTHER REPRESENTATION
OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED and that Associates shall not under
any circumstances be liable for any loss or damage whatsoever including, without
limitation, loss of anticipatory profits or for consequential damages.
     Transferor and Transferee agree to promptly cause such actions or
procedures to be taken as are required or permitted by statute or regulation to
accomplish such transfer and to protect Associates ownership of the Property,
including, without limitation, filing financing statements, recording documents,
and obtaining Certificates of Title (to the extent permitted by law), Associates
assuming no responsibility therefor.
     Guarantor consents to the above transfer, and agrees that such transfer
shall not affect its obligations and liabilities under the Documents, which
obligations and liabilities shall remain in full force and effect. Transferor
and Guarantor each consents that Associates may, without notice to any of them
and without affecting any of their obligations and liabilities hereunder and/or
under the Documents, elect any remedy, and compound or release any rights
against Transferee or any other persons obligated under the Documents, and
release all or any part of the Property, on terms satisfactory to Associates, by
operation of law or otherwise, and settle, compromise or adjust any and all
rights against and grant extensions of time or payment to Transferee or any
other persons obligated under the Documents.

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