Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-233-10-22  03-3H51U4
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    19%           12%

Location:                                         Federal Project:
03-NEV-49-R10.3/R13.8                             HSNH-P049(193)

Progress payment No. 007                     Payment period ending: 08-20-26
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            10,037,048.61       4,322,765.00
 2. a. Extra Work                              260,622.75          59,227.68
    b. Adustment Comp.                        -170,800.00        -170,800.00
 3. Materials on Hand
 4. Earned Subject to Retention             10,126,871.36       4,211,192.68
 5. Mobilization                             2,250,000.00         750,000.00
 6. Total Work Completed     12,376,871.36
 7. Deductions                                 -14,000.00          -7,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 12,362,871.36       4,954,192.68
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     4,954,192.68