Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          12-075-08-38  08-0E8504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-SBD-58-T1.3/9.8                    Federal Project:                                  
                                     ACHS-P058(109)                                     
                             NJ-P058(109)                                               
                                                                                        
Progress payment No. 11            Payment period ending: 08-19-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      11,155,920.34      -30,000.06                      
2.a. Extra Work                          87,128.22            0.00                      
  b. Adjustment Comp.                   681,189.44        7,500.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       11,924,238.00      -22,500.06                      
5. Mobilization                         250,000.00            0.00                      
6. Total Work Completed   12,174,238.00                                                 
7. Deductions                                 0.00       63,166.95                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           12,174,238.00       40,666.89                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              40,666.89