Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-300-10-20  08-1G6304
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    92%           70%

Location:                                         Federal Project:
08-RIV-111-47.2/55.3                              ACNH-P111(80)

Progress payment No. 007                     Payment period ending: 10-20-25
GRANITE CONSTRUCTION COMPANY
PO BOX 742478
LOS ANGELES CA 90074-2478

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            11,032,136.08         233,969.29
 2. a. Extra Work                              101,982.95          46,296.77
    b. Adustment Comp.                        -231,540.21        -231,540.21
 3. Materials on Hand
 4. Earned Subject to Retention             10,902,578.82          48,725.85
 5. Mobilization                             1,300,000.00               0.00
 6. Total Work Completed     12,202,578.82
 7. Deductions                                 -44,000.00         -20,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 12,158,578.82          28,725.85
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                        28,725.85