Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-146-08-30  03-3E0404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  24%          20%                             
03-PLA-80-33.3/44.8                    Federal Project:                                 
                                     ACBI-GV08(2)                                       
                             M-GV08(2)                                                  
                                                                                        
Progress payment No. 03            Payment period ending: 05-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       7,693,167.48    5,407,203.47                      
2.a. Extra Work                          48,683.29       41,218.93                      
  b. Adjustment Comp.                   -23,836.50      -23,836.50                      
3. Materials on Hand                          0.00     -248,056.50                      
4. Earned Subject to Retention        7,718,014.27    5,176,529.40                      
5. Mobilization                       3,300,000.00    1,100,000.00                      
6. Total Work Completed   11,018,014.27                                                 
7. Deductions                            -9,866.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           11,008,148.27    6,276,529.40                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           6,276,529.40