Dept. of Trans.      AFTER ACCEPTANCE       Serial No.    Contract No.
                                            16-320-14-09  05-1G6404
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                             100%          100%

Location:                                   Federal Project:
05-SLO-41-49.6/50.4                         NONE

Progress payment No. 002               Payment period ending: 11-03-16
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.            443,428.30        6,191.50
 2. a. Extra Work
    b. Adustment Comp.                        6,181.83        6,181.83
 3. Materials on Hand
 4. Earned Subject to Retention             449,610.13       12,373.33
 5. Mobilization
 6. Total Work Completed        449,610.13
 7. Deductions                              -20,000.00       89,309.20
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 429,610.13      101,682.53
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 101,682.53