Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          07-010-15-00  08-0F9404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-RIV-10-R156.2/R156.4                    Federal Project:                             
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 12-18-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         403,572.58       34,239.15                      
2.a. Extra Work                          24,736.73         -555.00                      
  b. Adjustment Comp.                       555.00          555.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          428,864.31       34,239.15                      
5. Mobilization                                                                         
6. Total Work Completed      428,864.31                                                 
7. Deductions                           -11,000.00            0.00                      
8. a.Contract Retentions                -16,711.23            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          16,711.23            0.00                      
9. Total pay to Contractor              417,864.31       34,239.15                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              34,239.15