Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-237-17-36  06-1G7804
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    96%           91%

Location:                                         Federal Project:
06-KER-5-54.2/62.5                                NONE

Progress payment No. 002                     Payment period ending: 08-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             2,512,024.91       2,180,108.95
 2. a. Extra Work
    b. Adustment Comp.                         -15,689.44         -15,689.44
 3. Materials on Hand
 4. Earned Subject to Retention              2,496,335.47       2,164,419.51
 5. Mobilization
 6. Total Work Completed      2,496,335.47
 7. Deductions                                -251,986.50        -251,986.50
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  2,244,348.97       1,912,433.01
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     1,912,433.01