Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-293-14-43  01-290304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  54%          41%                             
01-HUM-101-57.0/59.1                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 10-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       7,632,028.48      855,456.36                      
2.a. Extra Work                         126,740.87       79,661.00                      
  b. Adjustment Comp.                   -36,610.38      -36,610.38                      
3. Materials on Hand                    252,354.15      -40,436.69                      
4. Earned Subject to Retention        7,974,513.12      858,070.29                      
5. Mobilization                         641,777.50       32,088.88                      
6. Total Work Completed    8,363,936.47                                                 
7. Deductions                            -5,000.00       -5,000.00                      
8. a.Contract Retentions               -398,725.66      -42,903.52                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            8,212,564.96      842,255.65                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             842,255.65