Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          08-059-13-12  06-407204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-MAD-99-9.1/9.8                    Federal Project:                                   
06-MAD-145-8.9/9.2                                     NH                               
                                                                                        
                                                                                        
Progress payment No. 15            Payment period ending: 08-08-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,165,484.88       28,106.80                      
2.a. Extra Work                         306,613.11        3,898.61                      
  b. Adjustment Comp.                   -14,220.92            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        6,457,877.07       32,005.41                      
5. Mobilization                          90,000.00            0.00                      
6. Total Work Completed    6,547,877.07                                                 
7. Deductions                           -10,877.50            0.00                      
8. a.Contract Retentions               -300,200.16            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         300,200.16            0.00                      
9. Total pay to Contractor            6,536,999.57       32,005.41                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              32,005.41