Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          09-259-06-03  06-0J3804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-395-0.0/8.7                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 08-28-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,353,789.29       31,302.39                      
2.a. Extra Work                          27,342.70       13,823.90                      
  b. Adjustment Comp.                    84,626.50       -6,433.16                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,465,758.49       38,693.13                      
5. Mobilization                                                                         
6. Total Work Completed    1,465,758.49                                                 
7. Deductions                          -404,000.00      -62,200.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,061,758.49      -23,506.87                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             -23,506.87