Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-297-11-36  03-0F5904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  83%          79%                             
03-SAC-5-0.0/17.2                    Federal Project:                                   
                                     NH-056(331)                                        
                                                                                        
                                                                                        
Progress payment No. 17            Payment period ending: 10-18-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      42,973,339.26    3,824,134.41                      
2.a. Extra Work                       2,238,800.49            0.00                      
  b. Adjustment Comp.                 2,617,823.94      -80,356.32                      
3. Materials on Hand                    247,312.63            0.00                      
4. Earned Subject to Retention       48,077,276.32    3,743,778.09                      
5. Mobilization                       3,264,873.00            0.00                      
6. Total Work Completed   51,094,836.69                                                 
7. Deductions                           -56,522.50      -14,040.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           51,285,626.82    3,729,738.09                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           3,729,738.09