Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          11-118-15-27  05-0E4704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-MON-101-45.8/82.6                    Federal Project:                                
                                     SARR-Q101(151)                                     
                             A-Q101(151)                                                
                                                                                        
Progress payment No. 15            Payment period ending: 04-11-11                      
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            0.00                      
2.a. Extra Work                         409,168.13            0.00                      
  b. Adjustment Comp.                   -20,442.65            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,829,759.88            0.00                      
5. Mobilization                         293,000.00            0.00                      
6. Total Work Completed    4,122,759.88                                                 
7. Deductions                           -23,000.00      -13,856.64                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,099,759.88      -13,856.64                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             -13,856.64