Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  26-054-08-10  06-0Y1304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    96%           93%

Location:                                         Federal Project:
06-KER-33-40.4/59.3                               ACST-S033(94)

Progress payment No. 017                     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.            24,672,517.68         630,385.61
 2. a. Extra Work                              258,489.62          70,221.27
    b. Adustment Comp.                         258,630.54        -151,910.50
 3. Materials on Hand
 4. Earned Subject to Retention             25,189,637.84         548,696.38
 5. Mobilization                             2,400,000.00               0.00
 6. Total Work Completed     27,589,637.84
 7. Deductions                                 -43,643.75         -30,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 27,545,994.09         518,696.38
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       518,696.38