Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          06-250-13-51  03-0A9104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-SAC-5-16.1/26.8                    Federal Project:                                  
                                     ACIM-005-6(314)                                    
                             STPL-6200(16)                                              
                                                                                        
Progress payment No. 18            Payment period ending: 07-27-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,992,456.00            0.00                      
2.a. Extra Work                         369,955.12        7,111.99                      
  b. Adjustment Comp.                    -7,778.22            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,354,632.90        7,111.99                      
5. Mobilization                         410,000.00            0.00                      
6. Total Work Completed    4,764,632.90                                                 
7. Deductions                            -9,000.00       30,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,755,632.90       37,111.99                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              37,111.99