Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          13-295-06-41  06-0H1804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  18%          20%                             
06-KER-14-39.3/40.3                    Federal Project:                                 
                                     BRNH-P014(72)                                      
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 10-20-13                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 5127                                                                            
BAKERFIELD CA 93388                                                                     
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         714,958.28      406,170.00                      
2.a. Extra Work                          52,139.90       52,139.90                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                    520,474.30      520,474.30                      
4. Earned Subject to Retention        1,287,572.48      978,784.20                      
5. Mobilization                         641,250.00      641,250.00                      
6. Total Work Completed    1,408,348.18                                                 
7. Deductions                           -57,167.57      -57,167.57                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,871,654.91    1,562,866.63                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,562,866.63