Dept. of Trans.         SEMI-FINAL          Serial No.    Contract No.
                                            15-100-12-48  07-228204
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                             100%          100%

Location:                                   Federal Project:
07-VEN-1-22.4/26.7                          STP-P001(574)

Progress payment No. 020               Payment period ending: 11-07-14
GRANITE CONSTRUCTION COMPANY
P O BOX 50085
WATSONVILLE CA 950775085

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.         11,250,252.98            1.00
 2. a. Extra Work                           627,936.38       24,713.81
    b. Adustment Comp.                      297,281.98        4,824.85
 3. Materials on Hand
 4. Earned Subject to Retention          12,175,471.34       29,539.66
 5. Mobilization                          1,072,189.00            0.00
 6. Total Work Completed     13,247,660.34
 7. Deductions                                    0.00       11,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor              13,247,660.34       40,539.66
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                  40,539.66