Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-022-09-58  01-0H5504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    94%           68%

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

Progress payment No. 012                     Payment period ending: 01-20-26
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            18,156,648.89         580,163.44
 2. a. Extra Work                              664,039.37         104,684.59
    b. Adustment Comp.                        -483,447.93               0.00
 3. Materials on Hand
 4. Earned Subject to Retention             18,337,240.33         684,848.03
 5. Mobilization                             2,290,000.00               0.00
 6. Total Work Completed     20,627,240.33
 7. Deductions                                 -50,109.37         137,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 20,577,130.96         821,848.03
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       821,848.03