Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-027-08-07  08-0C9814                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  94%          82%                             
08-RIV-86-R18.1/R21.5                    Federal Project:                               
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 01-20-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,663,800.39        3,382.24                      
2.a. Extra Work                          10,955.91            0.00                      
  b. Adjustment Comp.                   -14,962.54            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,659,793.76        3,382.24                      
5. Mobilization                         246,500.00            0.00                      
6. Total Work Completed    1,906,293.76                                                 
7. Deductions                           -39,931.20       -3,000.00                      
8. a.Contract Retentions                -82,989.69         -169.11                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,783,372.87          213.13                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                 213.13