Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-054-08-25  05-0N72Y4
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    84%            1%

Location:                                         Federal Project:
05-SB-101-4.4/7.7                                 NONE

Progress payment No. 012                     Payment period ending: 02-20-26
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077-5085

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             3,540,505.28         490,962.00
 2. a. Extra Work                               78,229.40          33,388.13
    b. Adustment Comp.                         -28,200.00           1,800.00
 3. Materials on Hand
 4. Earned Subject to Retention              3,590,534.68         526,150.13
 5. Mobilization                               459,318.48               0.00
 6. Total Work Completed      4,049,853.16
 7. Deductions                                -145,400.00          -5,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  3,904,453.16         521,150.13
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       521,150.13