Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-238-08-10  08-0F4704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%          73%                             
08-RIV-111-53.0/56.2                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 08-19-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         756,997.77       16,284.40                      
2.a. Extra Work                          18,086.35       18,086.35                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          775,084.12       34,370.75                      
5. Mobilization                                                                         
6. Total Work Completed      775,084.12                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -38,754.21       -1,718.54                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              736,329.91       32,652.21                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              32,652.21                      
Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-235-08-53  05-282804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  57%          65%                             
05-SB-150-1.0/R1.7                    Federal Project:                                  
05-VEN-150-D1.1/D1.5                                     ACST-P150(21)                  
                             P-P150(21)                                                 
                             ACBR-P150(E)                                               
Progress payment No. 04            Payment period ending: 08-20-05                      
SECURITY PAVING COMPANY INC                                                             
P O BOX 1489                                                                            
SUN VALLEY CA 913531489                                                                 
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,100,581.66      482,881.25                      
2.a. Extra Work                         114,273.00       82,247.35                      
  b. Adjustment Comp.                     8,745.00            0.00                      
3. Materials on Hand                     38,588.89       38,588.89                      
4. Earned Subject to Retention        2,262,188.55      603,717.49                      
5. Mobilization                         275,000.00       13,750.00                      
6. Total Work Completed    2,498,599.66                                                 
7. Deductions                           -27,475.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,509,713.55      617,467.49                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             617,467.49