Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          08-339-13-06  03-1E1604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-BUT-70-10.9/11.7                    Federal Project:                                 
                                     ACST-P070(93)                                      
                             PH-P070(93)                                                
                             STPL-6203(23)                                              
Progress payment No. 09            Payment period ending: 11-06-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,669,374.20       40,375.00                      
2.a. Extra Work                         100,121.14       13,697.83                      
  b. Adjustment Comp.                   151,082.63      -19,444.94                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,920,577.97       34,627.89                      
5. Mobilization                         274,825.00            0.00                      
6. Total Work Completed    4,195,402.97                                                 
7. Deductions                           -30,000.00      -10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,165,402.97       24,627.89                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              24,627.89