Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          09-098-06-26  06-0F5404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-178-97.0/98.0                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 12-19-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         323,082.09            0.00                      
2.a. Extra Work                           1,136.54            0.00                      
  b. Adjustment Comp.                   -16,811.98        1,233.37                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          307,406.65        1,233.37                      
5. Mobilization                                                                         
6. Total Work Completed      307,406.65                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions                -15,171.77            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          15,171.77            0.00                      
9. Total pay to Contractor              307,406.65       11,233.37                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              11,233.37