Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-052-16-30  01-293014                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  68%          49%                             
01-MEN-101-10.7/ .0                    Federal Project:                                 
                                     ACNH-Q101(66)                                      
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 02-17-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,382,018.30       67,749.30                      
2.a. Extra Work                          22,676.66       16,173.83                      
  b. Adjustment Comp.                    -1,697.85            0.00                      
3. Materials on Hand                    137,951.00      -29,917.00                      
4. Earned Subject to Retention        2,540,948.11       54,006.13                      
5. Mobilization                         396,000.00            0.00                      
6. Total Work Completed    2,798,997.11                                                 
7. Deductions                            -3,000.00       15,500.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,933,948.11       69,506.13                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              69,506.13