Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-203-12-17  05-0T4204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  85%          95%                             
05-MON-68-10.8/R16.8                    Federal Project:                                
                                     ACST-P068(20)                                      
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 07-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
PO BOX 50085                                                                            
WATSONVILLE CA 95076                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,098,361.91    1,058,339.41                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                    -5,913.31       -5,913.31                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,092,448.60    1,052,426.10                      
5. Mobilization                                                                         
6. Total Work Completed    1,092,448.60                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,092,448.60    1,052,426.10                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,052,426.10