Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          07-310-14-20  01-458404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-1-50.0/ .0                    Federal Project:                                   
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 05-01-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         339,475.45            0.00                      
2.a. Extra Work                          48,212.84            0.00                      
  b. Adjustment Comp.                    -1,350.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          386,338.29            0.00                      
5. Mobilization                          35,000.00            0.00                      
6. Total Work Completed      421,338.29                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -17,316.80            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          17,316.80            0.00                      
9. Total pay to Contractor              421,338.29            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00