Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-328-13-14  08-0G8504
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    20%          100%

Location:                                         Federal Project:
08-RIV-10-R71.2/R72.6                             CIMG-104(68)

Progress payment No. 003                     Payment period ending: 11-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             4,807,227.10       1,310,968.60
 2. a. Extra Work                              183,933.85          83,017.83
    b. Adustment Comp.
 3. Materials on Hand                          106,465.17         -40,641.99
 4. Earned Subject to Retention              5,097,626.12       1,353,344.44
 5. Mobilization                             2,850,000.00               0.00
 6. Total Work Completed      7,841,160.95
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions              -135,334.44        -135,334.44
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  7,812,291.68       1,218,010.00
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     1,218,010.00