Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-054-10-00  05-0E4704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  94%         100%                             
05-MON-101-45.8/82.6                    Federal Project:                                
                                     SARR-Q101(151)                                     
                             A-Q101(151)                                                
                                                                                        
Progress payment No. 14            Payment period ending: 02-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,441,034.40       26,433.65                      
2.a. Extra Work                         409,168.13            0.00                      
  b. Adjustment Comp.                   -20,442.65       -2,662.67                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,829,759.88       23,770.98                      
5. Mobilization                         293,000.00            0.00                      
6. Total Work Completed    4,122,759.88                                                 
7. Deductions                            -9,143.36       10,848.10                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,113,616.52       34,619.08                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              34,619.08