Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-147-14-25  08-0M2004
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              16%            9%

Location:                                   Federal Project:
08-RIV-371-67.7/72.9                        HSST-P371(4)

Progress payment No. 001               Payment period ending: 05-20-15
GRANITE CONSTRUCTION COMPANY
585 BEACH STREET
WATSONVILLE CA 95076

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.            619,855.19      619,855.19
 2. a. Extra Work                             6,075.62        6,075.62
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention             625,930.81      625,930.81
 5. Mobilization                            337,500.00      337,500.00
 6. Total Work Completed        963,430.81
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 963,430.81      963,430.81
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 963,430.81