Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-323-20-33  05-1R7504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    93%          100%

Location:                                         Federal Project:
05-SB-101-R0.0/2.2                                NONE

Progress payment No. 004                     Payment period ending: 11-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             2,638,196.46         304,129.70
 2. a. Extra Work                               56,882.65          56,882.65
    b. Adustment Comp.                         -12,819.52         -12,819.52
 3. Materials on Hand
 4. Earned Subject to Retention              2,682,259.59         348,192.83
 5. Mobilization                               309,000.00               0.00
 6. Total Work Completed      2,991,259.59
 7. Deductions                                 -50,000.00         -40,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  2,941,259.59         308,192.83
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       308,192.83