Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-206-12-14  06-407204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%          94%                             
06-MAD-99-9.1/9.8                    Federal Project:                                   
06-MAD-145-8.9/9.2                                     NH                               
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 07-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,834,221.08    1,291,298.53                      
2.a. Extra Work                         174,164.23       68,233.79                      
  b. Adjustment Comp.                    -4,382.16       -1,700.21                      
3. Materials on Hand                          0.00      -15,618.60                      
4. Earned Subject to Retention        6,004,003.15    1,342,213.51                      
5. Mobilization                          90,000.00            0.00                      
6. Total Work Completed    6,094,003.15                                                 
7. Deductions                           -15,877.50         -877.50                      
8. a.Contract Retentions               -300,200.16      -67,110.68                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,777,925.49    1,274,225.33                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,274,225.33