Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          11-340-09-54  01-498504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-128-17.9/23.3                    Federal Project:                                
                                     ACST-P128(47)                                      
                             P-P128(47)                                                 
                                                                                        
Progress payment No. 04            Payment period ending: 11-14-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,070,033.01        4,375.00                      
2.a. Extra Work                         187,182.78        5,230.16                      
  b. Adjustment Comp.                   -14,285.24            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,242,930.55        9,605.16                      
5. Mobilization                                                                         
6. Total Work Completed    1,242,930.55                                                 
7. Deductions                           -21,000.00      -11,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,221,930.55       -1,394.84                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              -1,394.84