Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-359-08-12  07-127214                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%          56%                             
07-LA-138-51.9/52.5                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 12-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,206,096.15    1,092,925.28                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -61,469.75            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,144,626.40    1,092,925.28                      
5. Mobilization                         106,569.00            0.00                      
6. Total Work Completed    4,251,195.40                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -207,231.32      -54,646.26                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,043,964.08    1,038,279.02                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,038,279.02