Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          09-070-09-50  06-0E6904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-395-0.1/T14.6                    Federal Project:                                
                                     ACHS-P395(219)                                     
                             NH-P395(219)                                               
                                                                                        
Progress payment No. 07            Payment period ending: 02-17-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,891,855.31       43,527.15                      
2.a. Extra Work                          42,411.78        2,784.62                      
  b. Adjustment Comp.                  -503,625.69       50,879.09                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,430,641.40       97,190.86                      
5. Mobilization                         432,188.00            0.00                      
6. Total Work Completed    5,862,829.40                                                 
7. Deductions                           -20,000.00      326,253.62                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,842,829.40      423,444.48                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             423,444.48