Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          10-294-11-34  05-0E4704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%         100%                             
05-MON-101-45.8/82.6                    Federal Project:                                
                                     SARR-Q101(151)                                     
                             A-Q101(151)                                                
                                                                                        
Progress payment No. 12            Payment period ending: 10-20-10                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,414,600.75      124,573.00                      
2.a. Extra Work                         350,791.55       11,625.11                      
  b. Adjustment Comp.                    -2,479.98       -2,479.98                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,762,912.32      133,718.13                      
5. Mobilization                         293,000.00            0.00                      
6. Total Work Completed    4,055,912.32                                                 
7. Deductions                           -16,491.46       -2,491.46                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,039,420.86      131,226.67                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             131,226.67