Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-354-09-59  06-0W8204
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    95%           85%

Location:                                         Federal Project:
06-KIN-41-28.4/R40.1                              ACNH-P04(606)

Progress payment No. 016                     Payment period ending: 12-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            12,706,354.20               0.00
 2. a. Extra Work                              274,670.21           7,887.72
    b. Adustment Comp.                         102,725.10         -69,498.90
 3. Materials on Hand
 4. Earned Subject to Retention             13,083,749.51         -61,611.18
 5. Mobilization                             1,500,000.00               0.00
 6. Total Work Completed     14,583,749.51
 7. Deductions                                  -5,000.10         226,528.43
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 14,578,749.41         164,917.25
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       164,917.25