Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  17-234-14-19  06-2HT104
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    50%           38%

Location:                                         Federal Project:
06-FRE-99-23.5/26.7                               NONE

Progress payment No. 012                     Payment period ending: 08-20-17
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.            53,495,185.28       4,892,217.24
 2. a. Extra Work                            1,074,352.18         106,936.88
    b. Adustment Comp.                          24,652.02               0.00
 3. Materials on Hand                          936,990.68         173,379.35
 4. Earned Subject to Retention             55,531,180.16       5,172,533.47
 5. Mobilization                            10,826,597.76               0.00
 6. Total Work Completed     65,420,787.24
 7. Deductions                                -113,601.00         -50,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                 66,244,176.92       5,122,533.47
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                     5,122,533.47