Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-361-13-30  08-0K6304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  57%          67%                             
08-RIV-177-0.0/27.0                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 12-19-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,522,538.85       67,200.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -81,417.14            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,441,121.71       67,200.00                      
5. Mobilization                         266,000.00            0.00                      
6. Total Work Completed    1,707,121.71                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -72,056.09       -3,360.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,635,065.62       63,840.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              63,840.00