Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          11-335-11-42  03-0F9204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-SAC-50-0.2/16.0                    Federal Project:                                  
                                     ACHS-000C(326)                                     
                             NH-000C(326)                                               
                                                                                        
Progress payment No. 04            Payment period ending: 09-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         676,701.46            0.00                      
2.a. Extra Work                           4,229.99            0.00                      
  b. Adjustment Comp.                   -10,778.29            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          670,153.16            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      670,153.16                                                 
7. Deductions                           -20,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              650,153.16       10,000.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,000.00