Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            16-053-09-35  03-0G6404
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              89%          100%

Location:                                   Federal Project:
03-NEV-80-13.5/18.2                         NONE

Progress payment No. 001               Payment period ending: 11-06-15
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.                913.00          913.00
 2. a. Extra Work                           723,950.77      723,950.77
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention             724,863.77      724,863.77
 5. Mobilization
 6. Total Work Completed        724,863.77
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 724,863.77      724,863.77
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 724,863.77