Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          13-112-10-53  05-1A9304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                   2%          83%                             
05-SBT-101-0.7/0.7                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 01            Payment period ending: 04-20-13                      
GRANITE CONSTRUCTION COMPANY                                                            
585 WEST BEACH ST                                                                       
WATSONVILLE, CA  95076                                                                  
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.                                                         
2.a. Extra Work                          18,376.60       18,376.60                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention           18,376.60       18,376.60                      
5. Mobilization                                                                         
6. Total Work Completed       18,376.60                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.               -1,837.66       -1,837.66                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor               16,538.94       16,538.94                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              16,538.94