Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-170-09-38  05-0N7054
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    41%           32%

Location:                                         Federal Project:
05-SB-101-10.4/11.1                               NONE

Progress payment No. 010                     Payment period ending: 06-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077-5085

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            12,680,924.27       1,699,703.69
 2. a. Extra Work                              430,105.28          92,341.10
    b. Adustment Comp.                          11,243.08          -2,239.42
 3. Materials on Hand                           31,043.32          31,043.32
 4. Earned Subject to Retention             13,153,315.95       1,820,848.69
 5. Mobilization                             2,874,728.32               0.00
 6. Total Work Completed     15,997,000.95
 7. Deductions                                 -13,466.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 16,014,578.27       1,810,848.69
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     1,810,848.69