Dept. of Trans.      AFTER ACCEPTANCE       Serial No.    Contract No.
                                            16-273-15-22  06-0T5604
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                             100%          100%

Location:                                   Federal Project:
06-KER-99-8.9/10.7                          NONE

Progress payment No. 001               Payment period ending: 09-14-16
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.            651,216.88      651,216.88
 2. a. Extra Work
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention             651,216.88      651,216.88
 5. Mobilization
 6. Total Work Completed        651,216.88
 7. Deductions                              -13,000.00      -13,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 638,216.88      638,216.88
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 638,216.88