Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-079-11-04  01-276814                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  41%          41%                             
01-LAK-20-38.6/45.3                    Federal Project:                                 
                                     ACNH-P020(137)                                     
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 03-20-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,324,209.85            0.00                      
2.a. Extra Work                         164,523.68        1,241.16                      
  b. Adjustment Comp.                    -1,703.97            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,487,029.56        1,241.16                      
5. Mobilization                         538,412.50            0.00                      
6. Total Work Completed    3,025,442.06                                                 
7. Deductions                            -5,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,020,442.06       11,241.16                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              11,241.16