Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  20-237-14-00  03-0F2844
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    48%           39%

Location:                                         Federal Project:
03-SAC-99-7.1/9.4                                 NONE

Progress payment No. 003                     Payment period ending: 08-20-20
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             6,642,177.98       3,695,869.24
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand                          217,355.00         -64,343.00
 4. Earned Subject to Retention              6,859,532.98       3,631,526.24
 5. Mobilization                             1,299,336.44               0.00
 6. Total Work Completed      7,941,514.42
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  8,158,869.42       3,631,526.24
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     3,631,526.24