Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-081-15-48  03-4J1504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    10%           37%

Location:                                         Federal Project:
03-SAC-99-50.0/8.3                                NONE

Progress payment No. 001                     Payment period ending: 03-20-23
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              190,330.20         190,330.20
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                190,330.20         190,330.20
 5. Mobilization
 6. Total Work Completed        190,330.20
 7. Deductions                                 -10,000.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    180,330.20         180,330.20
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       180,330.20