Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          09-063-11-42  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. 10            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            0.00                      
2.a. Extra Work                         100,101.60          -19.54                      
  b. Adjustment Comp.                   151,082.63            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,920,558.43          -19.54                      
5. Mobilization                         274,825.00            0.00                      
6. Total Work Completed    4,195,383.43                                                 
7. Deductions                            -5,000.00       25,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,190,383.43       24,980.46                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              24,980.46