Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          12-005-15-47  05-0T3504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SB-246-26.3/28.6                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            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                          26,017.64        5,279.00                      
  b. Adjustment Comp.                   -17,731.56            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,009,313.56        5,279.00                      
5. Mobilization                                                                         
6. Total Work Completed    1,009,313.56                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              999,313.56        5,279.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               5,279.00