Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          10-299-13-15  05-0S2204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%          83%                             
05-SB-154-23.3/32.3                    Federal Project:                                 
                                     SARR-P154(19)                                      
                             A-P154(19)                                                 
                                                                                        
Progress payment No. 04            Payment period ending: 10-20-10                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,489,788.54      104,625.00                      
2.a. Extra Work                          67,565.85        5,828.97                      
  b. Adjustment Comp.                    34,936.13      -24,804.37                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,592,290.52       85,649.60                      
5. Mobilization                                                                         
6. Total Work Completed    1,592,290.52                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,592,290.52       85,649.60                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              85,649.60