Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-296-13-30  05-0A4904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
05-SB-166-55.1/R70.1                    Federal Project:                                
05-SLO-166-R70.1/70.6                                     ACST-P166(25)                 
                             P-P166(25)                                                 
                             ACBH-P166(25)                                              
Progress payment No. 10            Payment period ending: 10-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      13,876,089.36      510,688.13                      
2.a. Extra Work                          77,673.36       39,244.68                      
  b. Adjustment Comp.                 1,673,547.52      -11,955.51                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       15,627,310.24      537,977.30                      
5. Mobilization                       1,700,000.00            0.00                      
6. Total Work Completed   17,327,310.24                                                 
7. Deductions                            -1,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           17,326,310.24      537,977.30                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             537,977.30