Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-356-11-49  01-0H5504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    93%           66%

Location:                                         Federal Project:
01-MEN-101-55.0/64.9                              ACNH-Q101(427)

Progress payment No. 011                     Payment period ending: 12-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            17,576,485.43         994,468.79
 2. a. Extra Work                              559,354.78          20,038.39
    b. Adustment Comp.                        -483,447.93               0.00
 3. Materials on Hand
 4. Earned Subject to Retention             17,652,392.28       1,014,507.18
 5. Mobilization                             2,290,000.00               0.00
 6. Total Work Completed     19,942,392.28
 7. Deductions                                -187,109.37        -146,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 19,755,282.91         868,507.18
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       868,507.18