Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          14-233-08-17  09-353104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  42%          60%                             
09-MNO-395-R6.9/R9.9                    Federal Project:                                
                                     NHP-P395(243)                                      
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 08-20-14                      
GRANITE CONSTRUCTION COMPANY                                                            
3005 JAMES ROAD                                                                         
BAKERSFIELD  CA 93308                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,492,041.08    1,403,956.45                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -20,000.00      -20,000.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,472,041.08    1,383,956.45                      
5. Mobilization                                                                         
6. Total Work Completed    1,472,041.08                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,472,041.08    1,383,956.45                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,383,956.45