Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            15-260-15-48  11-2T1824
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              72%           65%

Location:                                   Federal Project:
11-SD-805-4.7/5.6                           NONE

Progress payment No. 031               Payment period ending: 09-20-15
GRANITE CONSTRUCTION COMPANY
P O BOX 50085
WATSONVILLE CA 950775085

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.         24,879,883.65      852,140.93
 2. a. Extra Work                         1,272,941.71      -14,142.21
    b. Adustment Comp.                      329,121.82      221,216.64
 3. Materials on Hand                       335,910.59          -26.89
 4. Earned Subject to Retention          26,817,857.77    1,059,188.47
 5. Mobilization                          3,724,750.00            0.00
 6. Total Work Completed     30,206,697.18
 7. Deductions                               -8,400.32        3,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor              30,534,207.45    1,062,188.47
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                               1,062,188.47