Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          11-104-15-27  05-402804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SLO-101-45.2/45.7                    Federal Project:                                
05-SLO-41-15.8/16.0                                     NONE                            
                                                                                        
                                                                                        
Progress payment No. 42            Payment period ending: 02-08-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  02364                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      14,204,662.46            0.00                      
2.a. Extra Work                         764,173.70            0.00                      
  b. Adjustment Comp.                   247,575.76            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       15,216,411.92            0.00                      
5. Mobilization                       1,500,000.00            0.00                      
6. Total Work Completed   16,716,411.92                                                 
7. Deductions                            -7,895.01       10,000.00                      
8. a.Contract Retentions               -760,116.29            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         760,116.29            0.00                      
9. Total pay to Contractor           16,708,516.91       10,000.00                      
10. Reduction Amt to Escrow            -760,110.00            0.00                      
11. Payment to Escrow       760,110.00                                                  
12. Net Pymt. this Estimate                              10,000.00