Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-079-10-48  06-462204
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              74%           69%

Location:                                   Federal Project:
06-KIN-198-R14.8/17.9                       ACNH-P198(60)

Progress payment No. 016               Payment period ending: 03-20-15
GRANITE CONSTRUCTION COMPANY
2716 GRANITE COURT
FRESNO CA 93706

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.          1,692,284.23      222,784.57
 2. a. Extra Work                         2,255,423.29      153,326.93
    b. Adustment Comp.                      -20,813.94            0.00
 3. Materials on Hand
 4. Earned Subject to Retention           3,926,893.58      376,111.50
 5. Mobilization                            440,000.00            0.00
 6. Total Work Completed      4,366,893.58
 7. Deductions                                    0.00       15,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor               4,366,893.58      391,111.50
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 391,111.50