Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-234-09-40  05-0N74V4
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    57%           45%

Location:                                         Federal Project:
05-SB-101-9.2/9.7                                 ACNH-Q101(426)

Progress payment No. 015                     Payment period ending: 08-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077-5085

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            28,588,766.40       3,512,941.76
 2. a. Extra Work                            2,854,675.61          63,154.09
    b. Adustment Comp.
 3. Materials on Hand                        1,687,883.56        -243,985.92
 4. Earned Subject to Retention             33,131,325.57       3,332,109.93
 5. Mobilization                             6,382,100.00         319,105.00
 6. Total Work Completed     37,825,542.01
 7. Deductions                                 -24,130.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 39,489,295.57       3,641,214.93
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     3,641,214.93