Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-167-20-26  11-423704
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    29%           46%

Location:                                         Federal Project:
11-SD-8-R31.8/R41.7                               ACIM-008-1(68)

Progress payment No. 012                     Payment period ending: 06-20-23
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.             8,396,478.82         443,050.57
 2. a. Extra Work                              620,296.98          44,015.66
    b. Adustment Comp.                          34,634.78               0.00
 3. Materials on Hand                           78,117.04        -202,164.36
 4. Earned Subject to Retention              9,129,527.62         284,901.87
 5. Mobilization                             3,405,767.10               0.00
 6. Total Work Completed     12,457,177.68
 7. Deductions                                  -5,000.00               0.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 12,530,294.72         284,901.87
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       284,901.87