Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-326-13-53  05-0P0204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  85%         100%                             
05-SB-246-31.1/34.6                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 11-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         835,078.87       -1,172.15                      
2.a. Extra Work                          17,450.11       13,190.33                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          852,528.98       12,018.18                      
5. Mobilization                                                                         
6. Total Work Completed      852,528.98                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions                -42,626.45         -600.91                      
   b. Unsatisfactory Prog.                 -600.91         -600.91                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              799,301.62       10,816.36                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,816.36