Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          14-202-13-41  01-0C8304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  24%           7%                             
01-LAK-29-R48.4/52.4                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 01            Payment period ending: 07-17-14                      
GRANITE CONSTRUCTION COMPANY                                                            
1324 S. STATE STREET                                                                    
UKIAH  CA 95482                                                                         
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         379,404.50      379,404.50                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          379,404.50      379,404.50                      
5. Mobilization                          74,679.50       74,679.50                      
6. Total Work Completed      454,084.00                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              454,084.00      454,084.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             454,084.00