Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          08-301-15-49  01-297704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-20-33.3/R37.9                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 24            Payment period ending: 03-05-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      10,546,085.47            0.00                      
2.a. Extra Work                       1,135,629.59            0.00                      
  b. Adjustment Comp.                   -28,481.23        9,074.56                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       11,653,233.83        9,074.56                      
5. Mobilization                         948,562.00            0.00                      
6. Total Work Completed   12,601,795.83                                                 
7. Deductions                           -13,505.70       10,000.00                      
8. a.Contract Retentions               -562,518.72            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         562,518.72            0.00                      
9. Total pay to Contractor           12,588,290.13       19,074.56                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              19,074.56