Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-166-07-57  04-172404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  11%           9%                             
04-ALA-84-21.0/23.1                    Federal Project:                                 
                                     ACST-P084(34)                                      
                             P-P084(34)                                                 
                                                                                        
Progress payment No. 04            Payment period ending: 06-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,179,712.29      788,714.84                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                          0.00      -54,684.24                      
4. Earned Subject to Retention        1,179,712.29      734,030.60                      
5. Mobilization                         930,000.00      930,000.00                      
6. Total Work Completed    2,109,712.29                                                 
7. Deductions                          -243,078.71     -213,078.71                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,866,633.58    1,450,951.89                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,450,951.89