Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-142-07-05  03-0C7704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  69%          58%                             
03-PLA-80-R66.3/68.5                    Federal Project:                                
                                     ACIM-080-4(182)                                    
                                                                                        
                                                                                        
Progress payment No. 14            Payment period ending: 05-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      14,436,874.29    1,946,455.31                      
2.a. Extra Work                         256,226.08        3,843.70                      
  b. Adjustment Comp.                   163,229.65      -60,882.63                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       14,856,330.02    1,889,416.38                      
5. Mobilization                       2,400,000.00            0.00                      
6. Total Work Completed   17,256,330.02                                                 
7. Deductions                           -15,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           17,241,330.02    1,889,416.38                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,889,416.38