Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-326-14-42  07-127214                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  69%          47%                             
07-LA-138-51.9/52.5                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 11-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,113,170.87      995,364.44                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -61,469.75      -54,158.73                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,051,701.12      941,205.71                      
5. Mobilization                         106,569.00        5,328.45                      
6. Total Work Completed    3,158,270.12                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -152,585.06      -47,060.29                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,005,685.06      899,473.87                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             899,473.87