Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          11-060-13-43  05-0S1404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-MON-1-34.6/38.0                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 02-10-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         511,445.02       45,769.30                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                    -7,703.50       -7,703.50                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          503,741.52       38,065.80                      
5. Mobilization                                                                         
6. Total Work Completed      503,741.52                                                 
7. Deductions                           -20,000.00      -20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              483,741.52       18,065.80                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              18,065.80