Dept. of Trans.      AFTER ACCEPTANCE       Serial No.    Contract No.
                                            16-035-16-16  11-2T0954
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                             100%          100%

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

Progress payment No. 043               Payment period ending: 01-04-16
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077-5085

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.         18,482,851.53       -3,340.00
 2. a. Extra Work                         3,035,230.88      213,386.05
    b. Adustment Comp.                      113,745.96       -9,938.22
 3. Materials on Hand
 4. Earned Subject to Retention          21,631,828.37      200,107.83
 5. Mobilization                          2,050,000.00            0.00
 6. Total Work Completed     23,681,828.37
 7. Deductions                              -44,305.00       12,761.40
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor              23,637,523.37      212,869.23
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                 212,869.23