Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  25-294-13-40  11-2T3644
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    94%           55%

Location:                                         Federal Project:
11-SD-56-0.3/3.0                                  NONE

Progress payment No. 021                     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.            10,668,621.24          20,569.00
 2. a. Extra Work                            4,809,946.00         163,395.18
    b. Adustment Comp.                         423,486.27          -2,309.30
 3. Materials on Hand
 4. Earned Subject to Retention             15,902,053.51         181,654.88
 5. Mobilization                               924,520.00               0.00
 6. Total Work Completed     16,826,573.51
 7. Deductions                                 -17,000.00               0.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 16,809,573.51         181,654.88
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       181,654.88