Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-115-13-28  07-127264                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
07-LA-138-61.5/63.6                    Federal Project:                                 
                                     ACNH-P138(37)                                      
                                                                                        
                                                                                        
Progress payment No. 17            Payment period ending: 04-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       8,921,144.52      233,965.05                      
2.a. Extra Work                         518,805.93          662.50                      
  b. Adjustment Comp.                    43,316.35            0.00                      
3. Materials on Hand                     40,347.13            0.00                      
4. Earned Subject to Retention        9,523,613.93      234,627.55                      
5. Mobilization                       1,000,000.00            0.00                      
6. Total Work Completed   10,483,266.80                                                 
7. Deductions                            -5,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           10,518,613.93      234,627.55                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             234,627.55