Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-326-11-01  03-2F0304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  94%          98%                             
03-PLA-80-5.1/14.5                    Federal Project:                                  
                                     IM08-324(0E)                                       
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 11-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,508,090.09       40,206.00                      
2.a. Extra Work                          90,183.12            0.00                      
  b. Adjustment Comp.                   -45,330.40            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,552,942.81       40,206.00                      
5. Mobilization                         130,298.10            0.00                      
6. Total Work Completed    5,683,240.91                                                 
7. Deductions                           -25,315.49      -23,315.49                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,657,925.42       16,890.51                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              16,890.51