Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-203-17-47  03-0C7704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  83%          71%                             
03-PLA-80-R66.3/68.5                    Federal Project:                                
                                     ACIM-080-4(182)                                    
                                                                                        
                                                                                        
Progress payment No. 16            Payment period ending: 07-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      17,913,465.97    1,401,592.10                      
2.a. Extra Work                         275,437.38       19,211.30                      
  b. Adjustment Comp.                   153,308.28       -1,697.12                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       18,342,211.63    1,419,106.28                      
5. Mobilization                       2,400,000.00            0.00                      
6. Total Work Completed   20,742,211.63                                                 
7. Deductions                           -10,000.00      -10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           20,732,211.63    1,409,106.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,409,106.28