Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          06-233-08-49  05-0L8304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-MON-198-7.0/25.8                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 06            Payment period ending: 07-22-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE  CA 95077                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,290,752.60            0.00                      
2.a. Extra Work                          70,502.91        3,833.55                      
  b. Adjustment Comp.                    26,741.52       -1,806.75                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,387,997.03        2,026.80                      
5. Mobilization                                                                         
6. Total Work Completed    1,387,997.03                                                 
7. Deductions                                 0.00       12,806.75                      
8. a.Contract Retentions                -67,219.08            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          67,219.08            0.00                      
9. Total pay to Contractor            1,387,997.03       14,833.55                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              14,833.55