Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-256-06-07  06-0M4404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-33-34.3/40.3                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 09-28-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,394,656.32       56,172.00                      
2.a. Extra Work                          12,553.77       12,553.77                      
  b. Adjustment Comp.                   -57,431.39      -57,431.39                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,349,778.70       11,294.38                      
5. Mobilization                                                                         
6. Total Work Completed    1,349,778.70                                                 
7. Deductions                           -10,000.00      -10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,339,778.70        1,294.38                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               1,294.38