Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          12-151-07-46  06-0J3504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-223-20.0/20.3                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 01-24-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,116,925.92          200.00                      
2.a. Extra Work                          24,900.73            0.00                      
  b. Adjustment Comp.                    -1,293.71            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,140,532.94          200.00                      
5. Mobilization                                                                         
6. Total Work Completed    1,140,532.94                                                 
7. Deductions                            -2,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,138,532.94       10,200.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,200.00