Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-054-13-23  05-1A9304
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              69%          100%

Location:                                   Federal Project:
05-SBT-101-0.7/0.7                          NONE

Progress payment No. 012               Payment period ending: 02-20-15
GRANITE CONSTRUCTION COMPANY
585 WEST BEACH ST
WATSONVILLE, CA  95076

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                           744,377.97        7,194.54
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention             744,377.97        7,194.54
 5. Mobilization
 6. Total Work Completed        744,377.97
 7. Deductions                              -10,000.00            0.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 734,377.97        7,194.54
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                   7,194.54