Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          09-028-14-19  01-409604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-DN-199-27.0/27.5                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 27            Payment period ending: 12-23-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,957,606.04       51,757.00                      
2.a. Extra Work                         105,870.50       -3,924.23                      
  b. Adjustment Comp.                    53,085.91       21,096.21                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,116,562.45       68,928.98                      
5. Mobilization                         440,000.00            0.00                      
6. Total Work Completed    4,556,562.45                                                 
7. Deductions                            -1,000.00            0.00                      
8. a.Contract Retentions               -202,381.67            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         202,381.67      202,381.67                      
9. Total pay to Contractor            4,555,562.45      271,310.65                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             271,310.65