Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          12-347-05-43  06-0N2104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-FRE-168-52.0/60.0                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 10-23-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,387,042.18            0.00                      
2.a. Extra Work                          10,717.10            0.00                      
  b. Adjustment Comp.                   -24,524.48            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,373,234.80            0.00                      
5. Mobilization                                                                         
6. Total Work Completed    1,373,234.80                                                 
7. Deductions                            -7,484.00       10,720.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,365,750.80       10,720.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,720.00