Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-021-11-00  05-1T4004
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    30%           34%

Location:                                         Federal Project:
05-SB-1-46.5/46.5                                 NONE

Progress payment No. 002                     Payment period ending: 01-20-26
GRANITE CONSTRUCTION COMPANY
5335 DEBBIE ROAD
SANTA BARBARA, CA 93111

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              595,853.59         144,818.42
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                595,853.59         144,818.42
 5. Mobilization
 6. Total Work Completed        595,853.59
 7. Deductions                                 -10,000.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    585,853.59         134,818.42
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       134,818.42