Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          06-318-17-13  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. 20            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                         370,851.27            0.00                      
  b. Adjustment Comp.                   -13,733.97       -5,955.75                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,349,573.30       -5,955.75                      
5. Mobilization                         410,000.00            0.00                      
6. Total Work Completed    4,759,573.30                                                 
7. Deductions                                 0.00        9,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,759,573.30        3,044.25                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               3,044.25