Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          07-284-11-59  03-1A5304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  64%          45%                             
03-NEV-20-0.0/R4.1                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 09-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      18,348,296.18      486,274.06                      
2.a. Extra Work                         245,752.77            0.00                      
  b. Adjustment Comp.                   -47,184.00            0.00                      
3. Materials on Hand                    153,179.08            0.00                      
4. Earned Subject to Retention       18,700,044.03      486,274.06                      
5. Mobilization                       3,320,000.00            0.00                      
6. Total Work Completed   21,866,864.95                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -935,002.20      -24,313.70                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           21,075,041.83      461,960.36                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             461,960.36