Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          11-209-09-12  03-3A2204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-NEV-80-28.1/31.8                    Federal Project:                                 
                                     ACBI-GV08(1)                                       
                             M-GV08(1)                                                  
                                                                                        
Progress payment No. 26            Payment period ending: 07-06-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      38,079,033.31            0.00                      
2.a. Extra Work                       3,460,104.61      422,092.01                      
  b. Adjustment Comp.                   276,229.39      -33,571.75                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       41,815,367.31      388,520.26                      
5. Mobilization                       4,000,000.00            0.00                      
6. Total Work Completed   45,815,367.31                                                 
7. Deductions                            -1,000.00       -1,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           45,814,367.31      387,520.26                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             387,520.26