Dept. of Trans.            SEMI-FINAL             Serial No.    Contract No.
                                                  25-050-13-28  06-1H3504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                   100%          100%

Location:                                         Federal Project:
06-MAD-99-0.0                                     NONE
06-MAD-152

Progress payment No. 002                     Payment period ending: 12-11-24
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                              301,776.10               0.00
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention                301,776.10               0.00
 5. Mobilization
 6. Total Work Completed        301,776.10
 7. Deductions                                 -20,000.00          20,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                    281,776.10          20,000.00
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                        20,000.00