Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-361-21-55  05-1H0504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    95%           39%

Location:                                         Federal Project:
05-MON-101-87.4/87.8                              HSNH-Q101(405)

Progress payment No. 011                     Payment period ending: 12-20-23
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             4,397,775.13         312,873.32
 2. a. Extra Work                               22,335.10           1,698.20
    b. Adustment Comp.                          -6,911.12          -6,911.12
 3. Materials on Hand
 4. Earned Subject to Retention              4,413,199.11         307,660.40
 5. Mobilization                               500,000.00               0.00
 6. Total Work Completed      4,913,199.11
 7. Deductions                                 -30,000.00          18,519.96
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  4,883,199.11         326,180.36
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       326,180.36