Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-294-13-37  03-0F5904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  35%          26%                             
03-SAC-5-0.0/17.2                    Federal Project:                                   
                                     NH-056(331)                                        
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 10-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      15,079,547.56    6,591,200.67                      
2.a. Extra Work                       1,586,142.00            0.00                      
  b. Adjustment Comp.                   295,115.56      -52,674.49                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       16,960,805.12    6,538,526.18                      
5. Mobilization                       3,101,629.35      652,974.60                      
6. Total Work Completed   20,062,434.47                                                 
7. Deductions                           -36,400.00       -5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           20,026,034.47    7,186,500.78                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           7,186,500.78