Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          10-201-14-24  05-0Q6504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  35%          49%                             
05-SB-101-82.1/84.3                    Federal Project:                                 
                                     ACHS-Q101(163)                                     
                             NHG-Q101(163)                                              
                                                                                        
Progress payment No. 03            Payment period ending: 07-20-10                      
GRANITE CONSTRUCTION COMPANY                                                            
585 WEST BEACH STREET                                                                   
WATSONVILLE CA 95076                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         342,994.73      222,393.23                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          342,994.73      222,393.23                      
5. Mobilization                         118,750.00       56,250.00                      
6. Total Work Completed      461,744.73                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              461,744.73      278,643.23                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             278,643.23