Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          07-303-13-53  01-293014                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-101-10.7/ .0                    Federal Project:                                 
                                     ACNH-Q101(66)                                      
                                                                                        
                                                                                        
Progress payment No. 24            Payment period ending: 02-14-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,620,745.39        5,500.00                      
2.a. Extra Work                         150,664.99        1,984.64                      
  b. Adjustment Comp.                      -506.43         -508.39                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,770,903.95        6,976.25                      
5. Mobilization                         396,000.00            0.00                      
6. Total Work Completed    4,166,903.95                                                 
7. Deductions                            -2,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,164,903.95        6,976.25                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               6,976.25