Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-228-11-03  06-0M5104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-0-0.0/ .0                    Federal Project:                                    
                                     ACNH-000C(332)                                     
                                                                                        
                                                                                        
Progress payment No. 11            Payment period ending: 07-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,453,242.70      -60,913.36                      
2.a. Extra Work                          21,405.47       15,322.92                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,474,648.17      -45,590.44                      
5. Mobilization                                                                         
6. Total Work Completed    3,474,648.17                                                 
7. Deductions                           -20,000.00      -20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,454,648.17      -65,590.44                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             -65,590.44