Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-010-09-05  03-3M8604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-BUT-70-0.0/9.2                    Federal Project:                                   
                                     NHPO-7012(6E)                                      
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 11-22-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,016,745.71        5,570.75                      
2.a. Extra Work                         151,224.34        1,769.76                      
  b. Adjustment Comp.                   130,612.07       -9,275.79                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,298,582.12       -1,935.28                      
5. Mobilization                                                                         
6. Total Work Completed    1,298,582.12                                                 
7. Deductions                          -116,000.00     -105,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,182,582.12     -106,935.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                            -106,935.28