Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-324-15-31  01-293014                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  96%          94%                             
01-MEN-101-10.7/ .0                    Federal Project:                                 
                                     ACNH-Q101(66)                                      
                                                                                        
                                                                                        
Progress payment No. 20            Payment period ending: 11-20-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,565,607.99       53,011.62                      
2.a. Extra Work                         111,858.60       11,789.45                      
  b. Adjustment Comp.                    -2,302.23            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,675,164.36       64,801.07                      
5. Mobilization                         396,000.00            0.00                      
6. Total Work Completed    4,071,164.36                                                 
7. Deductions                            -6,000.00        5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,065,164.36       69,801.07                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              69,801.07