Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          10-322-06-58  06-0L0804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-14-59.9/64.6                    Federal Project:                                 
06-KER-395-29.6/36.8                                     NONE                           
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 11-09-10                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,404,016.84      -14,363.65                      
2.a. Extra Work                          38,450.99       38,450.99                      
  b. Adjustment Comp.                   -12,578.82      -12,578.82                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,429,889.01       11,508.52                      
5. Mobilization                                                                         
6. Total Work Completed    3,429,889.01                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,429,889.01       11,508.52                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              11,508.52