Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-235-11-45  03-2F0304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  82%          53%                             
03-PLA-80-5.1/14.5                    Federal Project:                                  
                                     IM08-324(0E)                                       
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 08-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,881,239.65    2,603,050.02                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -45,330.40      -45,330.40                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,835,909.25    2,557,719.62                      
5. Mobilization                         130,298.10        6,514.91                      
6. Total Work Completed    4,966,207.35                                                 
7. Deductions                          -679,262.51     -679,262.51                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,286,944.84    1,884,972.02                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,884,972.02