Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          09-061-13-59  03-3M2604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-ED-50-39.7/71.5                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 10-02-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,405,485.21            0.00                      
2.a. Extra Work                         226,214.65            0.00                      
  b. Adjustment Comp.                   -73,518.95            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,558,180.91            0.00                      
5. Mobilization                         206,433.00            0.00                      
6. Total Work Completed    3,764,613.91                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions               -142,617.07            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         142,617.07            0.00                      
9. Total pay to Contractor            3,764,613.91       10,000.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,000.00