Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          09-183-15-21  08-0K6304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-RIV-177-0.0/27.0                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 01-21-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,804,668.55            0.00                      
2.a. Extra Work                          14,391.61            0.00                      
  b. Adjustment Comp.                   192,995.60      -39,378.72                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,012,055.76      -39,378.72                      
5. Mobilization                         280,000.00            0.00                      
6. Total Work Completed    2,292,055.76                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -99,941.23            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          99,941.23            0.00                      
9. Total pay to Contractor            2,292,055.76      -39,378.72                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             -39,378.72