Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          08-303-15-47  06-489804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-KER-5-15.0/30.8                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 08-19-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,175,849.12       84,430.92                      
2.a. Extra Work                          29,639.46       27,560.16                      
  b. Adjustment Comp.                    82,572.57      -24,184.05                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,288,061.15       87,807.03                      
5. Mobilization                                                                         
6. Total Work Completed    2,288,061.15                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -101,420.91            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         101,420.91            0.00                      
9. Total pay to Contractor            2,288,061.15       87,807.03                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              87,807.03