Dept. of Trans.         AFTER ACCEPTANCE          Serial No.    Contract No.
                                                  20-211-19-55  03-0F2854
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                   100%          100%

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

Progress payment No. 003                     Payment period ending: 06-18-20
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             7,723,304.97         436,544.35
 2. a. Extra Work                              186,661.81         186,661.81
    b. Adustment Comp.                        -106,570.58        -106,570.58
 3. Materials on Hand
 4. Earned Subject to Retention              7,803,396.20         516,635.58
 5. Mobilization                               917,537.08               0.00
 6. Total Work Completed      8,720,933.28
 7. Deductions                                 -20,000.00         -20,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  8,700,933.28         496,635.58
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       496,635.58