Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-207-09-31  06-0S8304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    70%           64%

Location:                                         Federal Project:
06-FRE-5-44.4/45.4                                ACIM-005-5(155)

Progress payment No. 012                     Payment period ending: 07-20-23
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             7,022,272.45         403,832.21
 2. a. Extra Work                              393,108.71         101,620.19
    b. Adustment Comp.
 3. Materials on Hand                           33,061.72        -152,770.00
 4. Earned Subject to Retention              7,448,442.88         352,682.40
 5. Mobilization                             1,100,000.00               0.00
 6. Total Work Completed      8,515,381.16
 7. Deductions                                  -3,000.00          -3,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  8,545,442.88         349,682.40
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       349,682.40