Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          14-297-12-16  05-0T0004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SB-154-R7.8/R8.3                    Federal Project:                                 
                                     SSTP-P154(21)                                      
                                                                                        
                                                                                        
Progress payment No. 11            Payment period ending: 09-25-14                      
GRANITE CONSTRUCTION COMPANY                                                            
PO BOX 742478                                                                           
LOS ANGELES, CA 90074-2478                                                              
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,082,440.18            0.00                      
2.a. Extra Work                         189,925.50        8,361.04                      
  b. Adjustment Comp.                    -4,879.20       -4,879.20                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,267,486.48        3,481.84                      
5. Mobilization                         335,640.00            0.00                      
6. Total Work Completed    3,603,126.48                                                 
7. Deductions                           -11,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,592,126.48       13,481.84                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              13,481.84