Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          10-056-09-50  05-0K7504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SBT-25-22.9/23.2                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 12            Payment period ending: 12-07-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         470,867.78            0.00                      
2.a. Extra Work                          24,003.78            0.00                      
  b. Adjustment Comp.                    -8,131.34       -8,131.34                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          486,740.22       -8,131.34                      
5. Mobilization                           5,319.00            0.00                      
6. Total Work Completed      492,059.22                                                 
7. Deductions                                 0.00       18,500.00                      
8. a.Contract Retentions                -24,592.89            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          24,592.89            0.00                      
9. Total pay to Contractor              492,059.22       10,368.66                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,368.66