Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-054-07-37  06-0W9104
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    73%           64%

Location:                                         Federal Project:
06-TUL-99-27.6/30.6                               ACNH-P099(687)

Progress payment No. 011                     Payment period ending: 02-20-26
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            13,300,596.67          47,352.50
 2. a. Extra Work                              853,143.01         289,616.10
    b. Adustment Comp.                         -95,929.62               0.00
 3. Materials on Hand                          960,605.99         111,889.20
 4. Earned Subject to Retention             15,018,416.05         448,857.80
 5. Mobilization                             2,100,000.00               0.00
 6. Total Work Completed     16,157,810.06
 7. Deductions                                 -18,781.10          42,254.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 17,099,634.95         491,111.80
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       491,111.80