Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-023-07-15  07-239614                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  83%          70%                             
07-LA-138-47.8/49.0                    Federal Project:                                 
                                     ACST-P138(42)                                      
                             PHG-P138(42)                                               
                                                                                        
Progress payment No. 10            Payment period ending: 01-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,106,030.34      440,474.25                      
2.a. Extra Work                         105,588.20       56,556.49                      
  b. Adjustment Comp.                    21,175.14      -55,429.23                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,232,793.68      441,601.51                      
5. Mobilization                         135,625.00            0.00                      
6. Total Work Completed    5,368,418.68                                                 
7. Deductions                            -5,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,363,418.68      441,601.51                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             441,601.51