Dept. of Trans.          PROGRESS           Serial No.    Contract No.
                                            16-207-12-26  07-260704
                 PROGRESS PAYMENT VOUCHER   %complete:    %time:
                                              98%           78%

Location:                                   Federal Project:
07-VEN-101-R39.8/R43.6                      NONE

Progress payment No. 054               Payment period ending: 07-20-16
GRANITE CONSTRUCTION COMPANY
PO BOX 50085
WATSONVILLE CA 95077

Escrow No. 00000
                                        Total Estimate   This Estimate
 1. Contract Itms Without Mobil.         47,207,412.99            0.00
 2. a. Extra Work                         6,667,083.56       34,211.27
    b. Adustment Comp.                      203,980.65            0.00
 3. Materials on Hand
 4. Earned Subject to Retention          54,078,477.20       34,211.27
 5. Mobilization                          4,664,165.39            0.00
 6. Total Work Completed     58,742,642.59
 7. Deductions                                 -231.00        8,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor              58,742,411.59       42,211.27
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                  42,211.27