Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-356-07-50  04-172404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  96%          62%                             
04-ALA-84-21.0/23.1                    Federal Project:                                 
                                     ACST-P084(34)                                      
                             P-P084(34)                                                 
                                                                                        
Progress payment No. 31            Payment period ending: 12-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      16,063,229.48      -16,957.50                      
2.a. Extra Work                       2,259,662.78      248,428.94                      
  b. Adjustment Comp.                   549,389.96      -16,964.86                      
3. Materials on Hand                          0.00       -8,000.00                      
4. Earned Subject to Retention       18,872,282.22      206,506.58                      
5. Mobilization                       1,860,000.00            0.00                      
6. Total Work Completed   20,732,282.22                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           20,732,282.22      206,506.58                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             206,506.58