Dept. of Trans.         AFTER ACCEPTANCE          Serial No.    Contract No.
                                                  25-147-07-46  03-0N3904
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                   100%          100%

Location:                                         Federal Project:
03-NEV-80-165.0/1.5                               NONE

Progress payment No. 011                     Payment period ending: 11-01-24
GRANITE CONSTRUCTION COMPANY
1900 GLENDALE AVENUE
SPARKS NV 89431

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.                22,726.00               0.00
 2. a. Extra Work                           11,101,190.07          44,929.98
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention             11,123,916.07          44,929.98
 5. Mobilization
 6. Total Work Completed     11,123,916.07
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 11,123,916.07          44,929.98
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                        44,929.98