Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-111-14-19  05-0S9404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  15%          20%                             
05-MON-1-46.8/46.8                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 04-20-11                      
GRANITE CONSTRUCTION                                                                    
PO BOX 720                                                                              
WATSONVILLE CA   95077                                                                  
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.                                                         
2.a. Extra Work                         137,973.25        1,232.00                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          137,973.25        1,232.00                      
5. Mobilization                                                                         
6. Total Work Completed      137,973.25                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              137,973.25        1,232.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               1,232.00