Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-116-13-11  08-0E8504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                   8%           4%                             
08-SBD-58-T1.3/9.8                    Federal Project:                                  
                                     ACHS-P058(109)                                     
                             NJ-P058(109)                                               
                                                                                        
Progress payment No. 03            Payment period ending: 04-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         810,527.89      808,027.89                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                          0.00      -57,820.00                      
4. Earned Subject to Retention          810,527.89      750,207.89                      
5. Mobilization                         125,000.00      125,000.00                      
6. Total Work Completed      935,527.89                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              935,527.89      875,207.89                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             875,207.89