Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          10-270-12-46  01-490104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-1-43.7/50.7                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 08-09-10                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,165,755.61            0.00                      
2.a. Extra Work                          65,193.63       35,041.23                      
  b. Adjustment Comp.                   -23,916.63      -23,916.63                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,207,032.61       11,124.60                      
5. Mobilization                                                                         
6. Total Work Completed    1,207,032.61                                                 
7. Deductions                           -11,000.00       20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,196,032.61       31,124.60                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              31,124.60