Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          07-092-15-41  01-473104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-HUM-101-T0.0/R17.9                    Federal Project:                               
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 12-08-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,036,890.75            0.00                      
2.a. Extra Work                          38,907.00       38,907.00                      
  b. Adjustment Comp.                   -58,482.00      -58,482.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,017,315.75      -19,575.00                      
5. Mobilization                                                                         
6. Total Work Completed    4,017,315.75                                                 
7. Deductions                                 0.00       20,000.00                      
8. a.Contract Retentions               -182,481.63            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         182,481.63            0.00                      
9. Total pay to Contractor            4,017,315.75          425.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                 425.00