Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-276-16-29  03-4M3504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-PLA-65-R4.9/R9.0                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 08-27-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         414,422.70       34,353.45                      
2.a. Extra Work                           3,467.72        3,467.72                      
  b. Adjustment Comp.                   -11,161.82      -11,161.82                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          406,728.60       26,659.35                      
5. Mobilization                                                                         
6. Total Work Completed      406,728.60                                                 
7. Deductions                           -11,000.00      -11,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              395,728.60       15,659.35                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              15,659.35