Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-054-08-18  05-0J0604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
05-SB-217-0.9/2.2                    Federal Project:                                   
                                     ACST-P217(1)                                       
                             PHG-P217(1)                                                
                                                                                        
Progress payment No. 06            Payment period ending: 02-20-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         947,695.20       14,400.00                      
2.a. Extra Work                          41,035.29       39,781.44                      
  b. Adjustment Comp.                     2,505.32       -1,000.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          991,235.81       53,181.44                      
5. Mobilization                         110,000.00            0.00                      
6. Total Work Completed    1,101,235.81                                                 
7. Deductions                           -15,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,086,235.81       53,181.44                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              53,181.44