Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-202-14-05  07-127214                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%         100%                             
07-LA-138-51.9/52.5                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 07-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,311,067.75        3,000.00                      
2.a. Extra Work                             443.56            0.00                      
  b. Adjustment Comp.                   -82,387.26            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,229,124.05        3,000.00                      
5. Mobilization                         106,569.00            0.00                      
6. Total Work Completed    4,335,693.05                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -211,456.20         -150.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,124,236.85        2,850.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               2,850.00