Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          11-324-14-59  01-0A0804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-LAK-29-19.0/20.3                    Federal Project:                                 
                                     ACST-PX03(307)                                     
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 09-09-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         821,010.35            0.00                      
2.a. Extra Work                          58,759.72            0.00                      
  b. Adjustment Comp.                    -1,663.71       -1,663.71                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          878,106.36       -1,663.71                      
5. Mobilization                                                                         
6. Total Work Completed      878,106.36                                                 
7. Deductions                           -11,900.00       30,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              866,206.36       28,336.29                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              28,336.29