Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-167-13-17  05-0C7324
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    99%           38%

Location:                                         Federal Project:
05-SCR-1-13.6/14.9                                ACNH-P001(675)

Progress payment No. 048                     Payment period ending: 06-20-26
GRANITE CONSTRUCTION COMPANY
580 WEST BEACH ST
WATSONVILLE CA 95076

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            25,431,535.50         -95,330.00
 2. a. Extra Work                            6,809,716.68         404,296.43
    b. Adustment Comp.                         -64,944.70               0.00
 3. Materials on Hand
 4. Earned Subject to Retention             32,176,307.48         308,966.43
 5. Mobilization                             2,800,000.00               0.00
 6. Total Work Completed     34,976,307.48
 7. Deductions                                -151,106.25               0.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 34,825,201.23         308,966.43
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       308,966.43