Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          11-353-13-07  05-0T3504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SB-246-26.3/28.6                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 11-10-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,001,027.48            0.00                      
2.a. Extra Work                          20,738.64       10,947.38                      
  b. Adjustment Comp.                   -17,731.56      -17,731.56                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,004,034.56       -6,784.18                      
5. Mobilization                                                                         
6. Total Work Completed    1,004,034.56                                                 
7. Deductions                           -10,000.00        8,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              994,034.56        1,215.82                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               1,215.82