Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          09-210-13-27  05-0N8304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-MON-101-80.7/85.6                    Federal Project:                                
                                     ACST-Q101(145)                                     
                             PH-Q101(145)                                               
                                                                                        
Progress payment No. 12            Payment period ending: 06-29-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,313,827.18            0.00                      
2.a. Extra Work                       1,120,789.13       68,827.44                      
  b. Adjustment Comp.                  -143,474.07     -143,474.07                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,291,142.24      -74,646.63                      
5. Mobilization                         100,000.00            0.00                      
6. Total Work Completed    4,391,142.24                                                 
7. Deductions                           -15,000.00      143,474.07                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,376,142.24       68,827.44                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              68,827.44