Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-173-14-10  08-0M2004
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              45%           21%

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

Progress payment No. 002               Payment period ending: 06-16-15
GRANITE CONSTRUCTION COMPANY
585 BEACH STREET
WATSONVILLE CA 95076

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.          2,444,830.37    1,824,975.18
 2. a. Extra Work                            22,821.35       16,745.73
    b. Adustment Comp.
 3. Materials on Hand
 4. Earned Subject to Retention           2,467,651.72    1,841,720.91
 5. Mobilization                            427,500.00       90,000.00
 6. Total Work Completed      2,895,151.72
 7. Deductions
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor               2,895,151.72    1,931,720.91
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                               1,931,720.91