Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          14-297-10-17  07-260704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  89%          52%                             
07-VEN-101-R39.8/R43.6                    Federal Project:                              
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 32            Payment period ending: 10-20-14                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      41,963,117.53      677,151.99                      
2.a. Extra Work                       5,049,299.27      412,730.58                      
  b. Adjustment Comp.                   271,038.36       -2,838.74                      
3. Materials on Hand                    109,247.38        4,500.00                      
4. Earned Subject to Retention       47,392,702.54    1,091,543.83                      
5. Mobilization                       4,664,165.39            0.00                      
6. Total Work Completed   51,947,620.55                                                 
7. Deductions                              -231.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           52,056,636.93    1,091,543.83                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,091,543.83