Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-269-10-23  06-0E0404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                   3%           3%                             
06-MAD-99-9.5/13.1                    Federal Project:                                  
                                     NH-P099(538)                                       
                                                                                        
                                                                                        
Progress payment No. 01            Payment period ending: 09-20-11                      
GRANITE CONSTRUCTION                                                                    
COMPANY                                                                                 
ATTN JEFF GRIMM                                                                         
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         632,278.47      632,278.47                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          632,278.47      632,278.47                      
5. Mobilization                                                                         
6. Total Work Completed      632,278.47                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              632,278.47      632,278.47                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             632,278.47