Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          09-008-14-30  01-473704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-LAK-29-R39.5/R40.7                    Federal Project:                               
01-LAK-175-R8.1/R8.2                                     ACST-X033(66)                  
                             PH-X033(66)                                                
                                                                                        
Progress payment No. 04            Payment period ending: 12-09-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         909,373.55      112,000.00                      
2.a. Extra Work                          50,296.07            0.00                      
  b. Adjustment Comp.                   -27,237.57      -27,237.57                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          932,432.05       84,762.43                      
5. Mobilization                                                                         
6. Total Work Completed      932,432.05                                                 
7. Deductions                           -30,000.00      -30,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              902,432.05       54,762.43                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              54,762.43