Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-260-09-33  05-0N74V4
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    60%           49%

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

Progress payment No. 016                     Payment period ending: 09-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077-5085

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            30,845,291.96       2,256,525.57
 2. a. Extra Work                            2,857,493.30           2,817.69
    b. Adustment Comp.
 3. Materials on Hand                        1,443,822.27        -244,061.29
 4. Earned Subject to Retention             35,146,607.53       2,015,281.97
 5. Mobilization                             6,382,100.00               0.00
 6. Total Work Completed     40,084,885.26
 7. Deductions                                  -4,130.00          20,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 41,524,577.53       2,035,281.97
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     2,035,281.97