Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-171-12-32  06-407204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  77%          85%                             
06-MAD-99-9.1/9.8                    Federal Project:                                   
06-MAD-145-8.9/9.2                                     NH                               
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 06-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,542,922.55      744,937.18                      
2.a. Extra Work                         105,930.44        9,065.41                      
  b. Adjustment Comp.                    -2,681.95            0.00                      
3. Materials on Hand                     15,618.60            0.00                      
4. Earned Subject to Retention        4,661,789.64      754,002.59                      
5. Mobilization                          90,000.00            0.00                      
6. Total Work Completed    4,736,171.04                                                 
7. Deductions                           -15,000.00      -15,000.00                      
8. a.Contract Retentions               -233,089.48      -37,700.13                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,503,700.16      701,302.46                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             701,302.46