Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-356-06-51  06-0E6904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  79%          57%                             
06-KER-395-0.1/T14.6                    Federal Project:                                
                                     ACHS-P395(219)                                     
                             NH-P395(219)                                               
                                                                                        
Progress payment No. 04            Payment period ending: 12-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,989,316.21    1,265,014.46                      
2.a. Extra Work                          28,432.88       13,380.76                      
  b. Adjustment Comp.                  -562,795.27     -213,598.77                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,454,953.82    1,064,796.45                      
5. Mobilization                         432,188.00            0.00                      
6. Total Work Completed    4,887,141.82                                                 
7. Deductions                          -317,453.62     -316,373.62                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,569,688.20      748,422.83                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             748,422.83