Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-325-12-36  05-0A4004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  85%          85%                             
05-SB-33-0.0/8.2                    Federal Project:                                    
05-SLO-33-0.0/5.0                                     ACST-P033(60)                     
                             P-P033(60)                                                 
                                                                                        
Progress payment No. 10            Payment period ending: 11-20-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,333,259.18      282,935.36                      
2.a. Extra Work                         474,001.55      225,615.40                      
  b. Adjustment Comp.                   608,414.52       -2,208.33                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        6,415,675.25      506,342.43                      
5. Mobilization                         650,000.00            0.00                      
6. Total Work Completed    7,065,675.25                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            7,055,675.25      506,342.43                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             506,342.43