Document:

<PAGE>
                                                                  EXHIBIT 10.209

     IN WITNESS WHEREOF, two (2) identical counterparts of this contract each
of which shall for all purposes be deemed an original thereof, have been duly
executed by the parties herein above named, on the date and year first above
written.

     The Contractor agrees that this Contract, as awarded, is for the stated
work and understands that payment for the total work will be made on the basis
of the indicated amount(s), as bid in the Proposal.

              PROJECT NO(S). ST87400047, ST8741000, AND WS85500049
                    2002 RESIDENTIAL STREET OVERLAY PROGRAM

                                 $6,773,919.00

MEADOW VALLEY CONTRACTORS, INC.,        CITY OF PHOENIX,
A NEVADA CORPORATION                    AN ARIZONA MUNICIPAL CORPORATION
(CONTRACTOR)                            (OWNER)

                                        FRANK A. FAIRBANKS
By: /s/ Bradley E. Larson               CITY MANAGER
   --------------------------------
   (Signature and Title)                By: /s/ Mario Saldamando, P.E.
   BRADLEY E. LARSON      PRESIDENT        -------------------------------------
                                           MARIO SALDAMANDO, P.E.
               (Corporate Seal)            CITY ENGINEER

-----------------------------------
WITNESS: If Contractor is an
         individual (Signature)         APPROVED AS TO FORM THIS ____ DAY
                                        OF ______________________ 20_____

/s/ Robert W. Bottcher                  /s/ [Illegible Signature]
-----------------------------------     ----------------------------------------
ATTEST: If Contractor is a                  ACTING CITY ATTORNEY
        Corporation, a Limited
        Liability Company or
        Partnership                     /s/ Vicky Miel
        (Signature and Title)           ----------------------------------------
ROBERT W. BOTTCHER     AREA MANAGER     ATTEST: VICKY MIEL
                                                CITY CLERK

                                        Authority -- City Council Awarded
                                        JUNE 12, 2002

                                      C-3

<PAGE>
ENGINEERING AND ARCHITECTURAL SERVICES DEPARTMENT - City of Phoenix
    PROJECT NO:. ST87400047, ST87410000, WS85500049

                           CONSTRUCTION BID PROPOSAL

<Table>
<Caption>
=========================================================================================================================
PAY                                                              APPROX
ITEM                   DESCRIPTION                              QUANTITY       UNIT        UNIT PRICE           AMOUNT
NO.
=========================================================================================================================
<S>      <C>                                                   <C>             <C>            <C>            <C>
 1.      Modified Asphalt Concrete Surface Course (D-1/2)       121,113        Ton             39.75         4,814,241.75
 2.      Milling, Per Specifications                            744,810        Sq. Yd          0.75           558,607.50
 3.      Tack Coat, Per Specifications                             445          Ton           100.00            44,500.00
 4.      Adjust Existing Manhole Frame and Clean Cover per MAG     519          Each          165.00            85,635.00
 5.      Adjust Existing Frame and Clean Cover for Valves,
         Survey Monuments, and Sewer Cleanouts                     726          Each          135.00            98,010.00
 6.      Adjust Existing Unexposed Water Valve Frame and
         Clean Cover                                                33          Each          135.00             4,455.00
 7.      Adjust Survey Monuments, St. D. 120-1-B                   770          Each           70.00            53,900.00
 8.      Install New Survey Monuments, St. D. 120-1-B               60          Each           75.00             4,500.00
 9.      Blotter Material                                      2,024,886        Sq. Yd.         0.12           242,986.32
10.      Uniformed, Off-Duty Police Officers                       3,751        Hours         $33.00          $123,783.00
11.      Traffic Control Devices                                     1           Job                           466,000.00
12.      Rebuild and Adjust Existing Pressure Manhole
         Frame and Clean Cover (Contingent item)                     5          Each          300.00             1,500.00
13.      Full Width Milling, (3/4" deep)                         65,000         Sq. Yd.         0.80            52,000.00
14.      Manhole Adjustment Rings, SD-2, SD-3
               (Contingent item)                                   200          Each           55.00            11,000.00
         Bid Subtotal (for index ST87400047 & ST87410000,
         items 1 through 14)                                                                                 6,561,119.00

</Table>

                    BID PROPOSAL                  INDEX NO.           WS85500049

<Table>
<Caption>
<S>       <C>                                                     <C>           <C>            <C>          <C>
15.       Debris Cap, including Locator Coll, Furnish &           2660          Each           80.00           212,800.00
          Install
          Item 15 only                                                                                         212,800.00

          TOTAL AMOUNT OF CONSTRUCTION BID                                                                  $6,773,919.00
          Index No. : ST87400047, ST87410000 Item 1
          through 14 and
          Index No.: WS85500049      Item 15

          Six Million Seven Hundred Seventy Three Thousand
          Nine Hundred Nineteen dollars & 00/100 Dollars
          ------------------------------------------------
                         Written Words
</Table>

                            P-2(REVISED 04-19-2002)

<PAGE>
Executed in Two Counterparts

                                                               BOND NO. 24006403
                                                                       ---------

                                 CONTRACT BOND
                     STATUTORY PERFORMANCE BOND PURSUANT TO
        TITLE 34, CHAPTER 2, ARTICLE 2, OF THE ARIZONA REVISED STATUTES
           (Penalty of this Bond must be 100% of the Contract Amount)

     KNOW ALL MEN BY THESE PRESENT, that, MEADOW VALLEY CONTRACTORS, INC.,
(hereinafter called the Principal), as Principal, and Liberty Mutual Insurance
Company, a corporation organized and existing under the laws of the State of
Massachusetts, with its principal office in the City of Boston, (hereinafter
called the Surety), as Surety, are held and firmly bound unto the City of
Phoenix in the County of Maricopa, State of Arizona, (hereinafter called the
Obligee), in the amount of SIX MILLION SEVEN HUNDRED SEVENTY THREE THOUSAND NINE
HUNDRED NINETEEN AND NO/100 DOLLARS, ($6,773,919.00), for the payment thereof,
the said Principal and Surety bind themselves, and their heirs, administrators,
executors, successors and assigns, jointly and severally, firmly by these
present.

     WHEREAS, the Principal has entered into a certain written contract with
the Obligee, dated the 12TH day of JUNE, 2002, for ST87400047, ST8741000, AND
WS85500049, 2002 RESIDENTIAL STREET OVERLAY PROGRAM, for which contract is
hereby referred to and made a part hereof as fully and to the same extent as if
copied at length herein.

     NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that, if the
said Principal shall faithfully perform and fulfill all the undertakings,
covenants, terms, conditions, and agreements of said contract during the
original term of said contract any extension thereof, with or without notice to
the Surety, and during the life of any guaranty required under the contract,
and shall also perform and fulfill all the undertakings, covenants, terms,
conditions, and agreements of any all duly authorized modifications of said
contract that may hereafter be made,notice of which modifications to the Surety
being hereby waived; then the above obligation shall be void, otherwise to
remain in full force and effect.

     PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions
of Title 34, Chapter 2, Article 2, of the Arizona Revised Statutes, and all
liabilities on this Bond shall be determined in accordance with the provisions
of said Title, Chapter, and Article, to the extent as if it were copied at
length herein.

     THE prevailing party in a suit on this Bond shall be entitled to such
reasonable attorney's fees as may be fixed by a judge of the Court.

     WITNESS our hands this 18th day of June, 2002

MEADOW VALLEY CONTRACTORS, INC.
PRINCIPAL                SEAL               Aon Risk Services, Inc.
                                            ------------------------------------
                                            AGENT OF RECORD

                                            1901 Main Street, Suite 300
By: /s/ Bradley E. Larson                   Irvine, CA 92614
   -------------------------------------    ------------------------------------
   BRADLEY E. LARSON           PRESIDENT    AGENT ADDRESS

Liberty Mutual Insurance Company            (949) 608-6300
----------------------------------------    ------------------------------------
SURETY                   SEAL               TELEPHONE NUMBER

A.M. BEST RATING:  A+

By: /s/ Jeri Apodaca                        By: /s/ Carol Trelford
   -------------------------------------        --------------------------------
   ATTORNEY-IN-FACT, Jeri Apodaca               ARIZONA RESIDENT AGENT
                                                Carol Trelford
                                                1850 North Central Avenue,
                                                Suite 1700
                                                Phoenix, AZ 85004

                                     C.B.-1<PAGE>
                                                                  Exhibit 10.210

                               [ADOT LETTERHEAD]

                                 July 23, 2002

Meadow Valley Contractors, Inc.
P.O. Box 60726
Phoenix, AZ 85028-0726

                       RE:  070 GH 330 H502801C
                       STP-070-A(001)A
                       GLOBE-LORDSBURG HIGHWAY (US 70)
                       (US 70 Pima-Thatcher)
                       ITEM #17402

At a Meeting on July 19, 2002, the Transportation Board awarded a contract for
the construction of the above referenced project to you in accordance with the
proposal you submitted to this Department on June 28, 2002. This is your Notice
of Award of Contract.

In accordance with subsection 103.08 of the Specifications, you shall sign the
contract and return it with satisfactory contract bonds no later than 10
calendar days after the date of this notice of award. Your submittal shall
include the required Certificate of Insurance and Workers Compensation
documents. The Department will not execute the contract until all documentation
is submitted and work shall not start nor shall there be a partnering meeting
nor a preconstruction conference until the contract is fully executed.

In accordance with subsection 108.02 of the Standard Specifications, the
contractor shall not start work before September 3, 2002. Contract time will be
charged commencing on that date.

Contact the Construction Supervisor as shown on the advertisement for proposals
to arrange a Preconstruction Conference.

We look forward to working with your company toward the successful completion
of this project.

                                 Sincerely

                                 /s/ Barry Crockett
                                 BARRY CROCKETT
                                 Engineer-Manager

BC:erb

cc:  District Engineer
     Resident Engineer
<PAGE>
                               CONTRACT AGREEMENT

THIS AGREEMENT, made and entered into this 13TH day of AUGUST, 2002 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.

070 GH 330 H502801C STP-070-A(001)A
GLOBE-LORDSBURG HIGHWAY (US 70)
(US 70-Pima to Thatcher)

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.
12-0912 R10/91
                                                                    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 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 or
any act or omission, neglect or misconduct or said contractor; or because of
any claims or amounts recovered from any infringements or 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
the 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.

070 GH 330 H502801C STP-070-A(001)A
GLOBE-LORDSBURG HIGHWAY (US 70)
(US 70-Pima to Thatcher)

Witness our hands and seals this 13TH day of August 2002
               STATE OF ARIZONA

                                                 By: /s/  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

                                                 Meadow Valley Contractors, Inc.
                                                 -------------------------------

                                                 By: /s/ Bradley E. Larson
                                                     -----------------------
                                                     Contractor
                                                     BRADLEY E. LARSON PRESIDENT

                                                 PARTY OF THE SECOND PART

Attest: /s/ Robert W. Bottcher
        ----------------------
               Signature

          ROBERT W. BOTTCHER
             AREA MANAGER

                                                                      Article IX
                                                                 Revised 8/30/00
                                                              Contract Agreement
                                                                    Sheet 2 of 2
<PAGE>
                                 ["ILLEGIBLE"]
              CHAPTER 2, ARTICLE 2 OF THE ARIZONA REVISED STATUTES
           (PENALTY OF THIS BOND MUST BE 100% OF THE CONTRACT AMOUNT)

                                                               Bond No. 24006407
KNOW ALL MEN BY THESE PRESENTS:

That, Meadow Valley Contractors, Inc. (hereinafter called the Principal), As
Principal, and Liberty Mutual Insurance Company
_____________________________________________________(hereinafter called
Surety), a corporation organized and existing under the laws of the State of
Massachusetts, with its principal office in the city of Boston, holding a
certificate of authority to transact surety business in Arizona issued by the
Director of the Department of Insurance, as Surety, are held and firmly bound
unto the Arizona Department of Transportation (hereinafter called the Obligee in
the amount of SIX MILLION, FIVE HUNDRED SEVENTY-ONE THOUSAND, FIFTEEN AND 80/100
dollars ($6,571,015.80),for the payment whereof, the said Principal and Surety
bind themselves, and their heirs, administrator, executors, successors.

     WHEREAS, the Principal has agreed to enter into a certain contract with the
Obligee for construction and completion of certain work described as

070 GH 330 H502801C STP-070-A(001)A
GLOBE-LORDSBURG HIGHWAY (US 70)
(US 70-Pima to Thatcher)

which contract is hereby referred to and made a part hereof as fully and to the
same extent as if copied at length herein.

     NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said
Principal shall promptly pay all monies due to all persons supplying labor or
materials to the principal or the principal's subcontractors in the prosecution
of the work provided for in said contract, then this obligation shall be voided,
otherwise to remain in full force and effect;

     PROVIDED, HOWEVER, that this bond having been required of the said
Principal in order to comply with provisions of Title 34, Chapter 2, Article 2,
of the Arizona Revised Statutes, all rights and remedies on this bond shall
inure solely to such persons and shall be determined in accordance with the
provisions, conditions, and limitations of said Title, Chapter and Article, to
the same extent as if they were copied at length herein.

     The prevailing party in a suit on this bond shall recover as a part of the
judgment such reasonable attorneys' fees as may be fixed by a judge of the
Court.

     Witness our hands this 19th day of July, 2002.

Meadow Valley Contractors, Inc.
                                        /s/  BRADLEY E. LARSON
_______________________________         _______________________________________
PRINCIPAL               SEAL            BY: BRADLEY E. LARSON, PRESIDENT

Liberty Mutual Insurance Company
                                        /s/ Jeri Apodaca
________________________________        ________________________________________
SURETY              SEAL                BY: Jeri Apodaca, Attorney in Fact

Aon Risk Services                       1901 Main Street, Suite 300, Irvine, CA
                                        92614
________________________________        ________________________________________
AGENCY OF RECORD                        AGENCY ADDRESS

 /s/ Carol Trelford
_______________________________________
ARIZONA COUNTERSIGNATURE Carol Trelford

1850 North Central Avenue, Suite 1700             PAYMENT BOND
_______________________________________           SHEET 1 OF 1
ADDRESS Phoenix, AZ 85004

602-427-3200
_______________________________________
PHONE NUMBER

12-1302-R 9/92
<PAGE>
                                 "BID SCHEDULE"

                              070 GH 330 H502801C
<Table>
<Caption>
<S>            <C>                               <C>            <C>              <C>                <C>
Item No.       Item Description                   UNIT           Quantity        Unit Price         Extended Amount

CONCRETE BOX CULVERT EXTENTION STA. 3958+46

2020009 B   REMOVAL OF STRUCTURAL CONCRETE       CU.YD.              2              600.00              1,200.00

2030501 B   STRUCTURAL EXCAVATION                CU.YD.            126              12.00               1,512.00

2030506 B   STRUCTURE BACKFILL                   CU.YD.            493              25.00              12,325.00

6010002 B   STRUCTURAL CONCRETE (CLASS S)
(F'C = 3,000)                                    CU.YD.            136             300.00              40,800.00

6050002 B   REINFORCING STEEL                     LB            21,622                .50              10,811.00

6050101 B   PLACE DOWELS                         EACH               20              18.00                 360.00

                                                                                       BID TOTAL: 6,571,015.80

</Table>

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