Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-203-17-35  03-3E0404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  64%          50%                             
03-PLA-80-33.3/44.8                    Federal Project:                                 
                                     ACBI-GV08(2)                                       
                             M-GV08(2)                                                  
                                                                                        
Progress payment No. 05            Payment period ending: 07-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      24,061,506.55   10,509,538.52                      
2.a. Extra Work                         224,558.81       66,224.89                      
  b. Adjustment Comp.                -1,159,780.29     -600,350.80                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       23,126,285.07    9,975,412.61                      
5. Mobilization                       4,400,000.00      220,000.00                      
6. Total Work Completed   27,526,285.07                                                 
7. Deductions                           -19,866.00      -10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           27,506,419.07   10,185,412.61                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                          10,185,412.61