Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  21-005-15-45  03-0F2844
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    84%           98%

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

Progress payment No. 007                     Payment period ending: 12-20-20
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            12,478,658.98         752,268.78
 2. a. Extra Work                               65,863.81           4,909.93
    b. Adustment Comp.
 3. Materials on Hand                                0.00          -4,343.00
 4. Earned Subject to Retention             12,544,522.79         752,835.71
 5. Mobilization                             1,367,722.57               0.00
 6. Total Work Completed     13,912,245.36
 7. Deductions                                  -5,000.00          -5,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 13,907,245.36         747,835.71
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       747,835.71