Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-054-13-51  11-2T0954
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              99%           74%

Location:                                   Federal Project:
11-SD-15-M15.0/M16.4                        NONE

Progress payment No. 032               Payment period ending: 02-20-15
GRANITE CONSTRUCTION COMPANY
P O BOX 50085
WATSONVILLE CA 950775085

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.         18,426,658.83        2,940.00
 2. a. Extra Work                         2,574,060.88       30,201.19
    b. Adustment Comp.                      123,684.18            0.00
 3. Materials on Hand                        99,736.15            0.00
 4. Earned Subject to Retention          21,224,140.04       33,141.19
 5. Mobilization                          2,050,000.00            0.00
 6. Total Work Completed     23,174,403.89
 7. Deductions                              -44,066.40        3,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor              23,230,073.64       36,141.19
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                  36,141.19