Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          07-030-05-18  06-0G0304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KIN-198-7.2/9.4                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 11-16-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         511,582.51            0.00                      
2.a. Extra Work                           5,048.50        2,875.00                      
  b. Adjustment Comp.                    -3,408.02            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          513,222.99        2,875.00                      
5. Mobilization                                                                         
6. Total Work Completed      513,222.99                                                 
7. Deductions                                 0.00        7,788.21                      
8. a.Contract Retentions                -21,685.02            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          21,685.02            0.00                      
9. Total pay to Contractor              513,222.99       10,663.21                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,663.21