Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-146-06-29  03-1J6304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                     7%            0%

Location:                                         Federal Project:
03-SAC-99-6.1/7.0                                 ACNH-P099(696)

Progress payment No. 003                     Payment period ending: 05-20-26
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.               345,130.75         233,861.50
 2. a. Extra Work                               16,509.54           7,315.00
    b. Adustment Comp.                           2,228.88               0.00
 3. Materials on Hand                          205,095.00         205,095.00
 4. Earned Subject to Retention                568,964.17         446,271.50
 5. Mobilization                               335,000.00         335,000.00
 6. Total Work Completed        698,869.17
 7. Deductions                                       0.00           5,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    903,964.17         786,271.50
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       786,271.50